Bill Mitchell — Eurozone Financial Rules Bias Nations To Stagnation – Perish Is The Remedy

It is Wed too I am doing the finally corrections to our Macroeconomics textbook manuscript earlier it goes off to the ‘printers’ for publication inwards March 2019. It has been a long haul too I tin orbit the sack enjoin that writing a textbook is much harder than writing a monograph non alone because the latter are to a greater extent than exciting inwards the drafting phase. The attending to exceptional inwards a textbook that runs over 600 pages is quite taxing. Anyway, that is taking my attending today.

👍 Yay!

I also excogitation to write unopen to to a greater extent than most Brexit inwards the coming weeks too Nihon (tomorrow). But today, I accept updated unopen to ECB information on household too corporate borrowing too the toll of borrowing to run into what form of recovery is going on. With nations such every bit Federal Republic of Federal Republic of Germany directly recording negative increment inwards the third-quarter, it is clear that the Eurozone is stalling again. The explanation doesn’t postulate whatever rocket science. It is all at that topographic point inwards the demeanour of the non-government sector (saving to a greater extent than overall) too financial rules that are also tight to commencement that saving desire. The reliance on monetary policy is an ineffective tool to supply the commencement inwards non-government saving overall. Fiscal policy has to locomote reinstated to the main pose too that agency nations such every bit Italy must reckon exiting the dysfunctional monetary marriage ceremony that biases nations to recession too stagnation...

It await to me similar Brussels too the Continental powers that locomote are doing their best to sabotage Brexit. As a warming to others wishing to secede from the union? Could locomote made hard too nasty to exit. See below.

Bill Mitchell – billy blog
Eurozone financial rules bias nations to stagnation – locomote out is the remedy
Bill Mitchell | Professor inwards Economics too Director of the Centre of Full Employment too Equity (CofFEE), at University of Newcastle, NSW, Australia

See also

Thierry Meyssan explains how Europe turning into the pulverization keg it has been historically.

Voltaire Net
Secession from the European Union
Thierry Meyssan