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 […]
‘Independent’ central banks are really a license to run monetary policy in the interests of the wealthy without any democratic accountability. Richard Murphy is an economic justice campaigner. Professor of Accounting, Sheffield University Management School. Chartered […]
The insanity of doing the same thing over and over again. From Ann Pettifor’s substack. Read the article HERE.
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