“[W]e have to stop talking about how electric cars will save us; it takes too much stuff to make them all… We have to look… at making it easier for people to use… bikes, transit and feet.”
Read here
Economics
Bill Mitchell – Repeat after me: Central banks can make large losses and who would care
All central banks that issue a sovereign currency: They can never go broke and could operate without problems with permanent negative equity. They are not profit-seeking companies owned by shareholders. They are part of the […]
Finance
Resolution Foundation: We’re getting poorer, but it’s not (just) Brexit
In Britain the household income per person has fallen in each of the past four quarters. Matthew Whittaker is of the opinion that Brexit is not the only reason for this. Read here
Climate Crisis
Andrew Simms – The case for an Ecological Interest Rate
Between the Anglo-American political horror shows of 2020 and the raging pandemic, something much less theatrical drifted centre stage to play a more than usually important role: interest rates. Read here
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