Economics
Bill Mitchell: E.P. Thompson and why class remains an important organising framework
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
Bill Mitchell
Climate Crisis
Bill Mitchell: Moving to a sustainable system of food production within a degrowth paradigm
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 […]
Economics
Bill Mitchell: Japan inflation now falling fast – monetary and fiscal policy settings have been vindicated
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 […]
Economics
Bill Mitchell: So-called ‘Team Transitory’ declared victors
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 […]
Economics
Bill Mitchell: Be careful using first release data – Britain now surges ahead of Europe!
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
Climate Crisis
Bill Mitchell: It will end badly if we rely on the speculators and gamblers for a climate change solution
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 […]
Economics
Bill Mitchell – Claiming the European Union is close to full employment defies the meaning of language
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 […]
Climate Crisis
Macro ‘N Cheese – MMT and degrowth: with Bill Mitchell
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. […]
Economics
Bill Mitchell: The Chilean coup just one link in a complicated right-wing economics agenda to empower capital
Today marks the 50th anniversary of the overthrow of the Salvatore Allende’s democratically-elected government in Chile by the US CIA and there local puppets under the leadership of General – Augusto Pinochet. Read HERE
Economics
Bill Mitchell: The Ireland growth miracle is largely illusory and biasing Eurozone growth data upwards
Since the March-quarter 2008 (at the onset of the GFC), GDP has grown by 114.8 per cent. However, GNP has only growth by 71.1 per cent and Modified final domestic demand has only grown by […]