The primary mandate of central banks is to prevent price inflation, but interest rates are a blunt tool to achieve this. Alec Haglund joined Positive Money in 2024 as a Senior Researcher. Alec holds a […]
In the United States, workers are getting poorer as prices rise, but big tech firms are booming via the AI bubble, hence the economy’s K-shape. Michael Roberts is an Economist in the City of London […]
Both the Suez Canal and the Panama Canal – two of the world’s most important shipping routes – are “now under stress from various sources”. Published in Bill Mitchell’s blog. Read the article HERE.
Central banks cannot control employment and inflation by fiddling with the base rate of interest. Michael Roberts is an Economist in the City of London and a prolific blogger. Cross-posted from Michael Roberts’ blog Every August the […]
The European Central Bank is not happy about above-inflation wage rises. Presumably they would prefer European workers to lose purchasing power permanently. Jordi Schröder Bosch is a researcher at Positive Money Europe. Cross-posted from Positive […]
The value of art, like other assets, is falling as inflation and interest rates rise. China in particular is in a debt-deflationary trap. In Ann Pettifor’s substack. Read the article HERE.
Since inflation started rising, British capitalists have been raking in massive profits while workers have suffered a disastrous wage slump. Yet the Bank of England still wants to boost unemployment in case workers develop their […]
The Bank of England is deliberately seeking to make households poorer and increase unemployment through its blunt, ineffective rate-rise policy. David Spencer is Professor of Economics and Political Economy at the University of Leeds. Muhammad […]
New OECD report is revealing as to which European countries are being hit hardest by the cost of living crisis and what is driving. Michael Roberts is an Economist in the City of London and a prolific […]
Beneath the surface of the inflation crisis – which will soon become a global slump – is the failure of capital accumulation to improve productivity Michael Roberts is an Economist in the City of London and […]
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