When I was in London recently, I was repeatedly assailed with the idea that the Liz Truss debacle proves that the financial markets in Britain are more powerful than the government and can force the […]
If you read or re-read E.P. Thompson’s epic study I think it becomes obvious how relevant it is to today’s struggles. Read HERE
André Gorz: “The profit-driven economy must be replaced by a decentralised, distributive economy. Only in integrated communities, “on a human scale”, can the adjustment of production to needs and of needs to resources – as […]
The latest information from Japan suggests that in December 2023, its inflation fell sharply for the second consecutive month and that one might conclude the inflation episode is coming to an end. The Bank of […]
We had one central bank – the Bank of Japan – defying the consensus of central banks, the IMF, and taking on the financial markets and holding interest rates unchanged for the duration of this […]
William Mitchell exposes the many ideological maneuvers progressives need to confront in disputing the supremacy of profits over employment and people’s dignity. That goes for disciplining the state to appease foreign exchange markets, the problems […]
Overall I still cannot see a major macroeconomic impact coming from Britain’s exit from the European Union. The Remainers are now hanging on to the inflation differentials between Britain and Europe as evidence. Read HERE
My rule of thumb is this: 1. If the financial markets are interested in something it is better for the rest of us to keep them at bay. 2. Do not allow ‘private profitability’ to […]
While politicians continually want to claim that their nations or areas of responsibility are ‘close to full employment’ the data rarely bears out that assessment. And think of it this way – the mainstream economists […]
When someone associates Modern Monetary Theory with left or right wing politics, they’re signaling they know nothing of MMT and are simply associating it with some of its proponents. MMTers are political, MMT is not. […]
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