A higher inflation rate of three to five percent produces better outcomes by lowering the unemployment rate and creating labor market bargaining conditions that help connect wages to productivity growth.
The season oftricksis ove. The time has come to forget Eurobonds and to increase the ESM size, enabling ECB to legitimately raise the scale of its operations.
A financial transactions tax is more than just an issue of fairness. It is also likely to boost economic growth by eliminating waste in the financial sector.
The economics of scarcity is pernicious foolishness. By contrast. the economics of idle resources addresses reality. It is the same as the difference between alchemy and chemistry, astrology and astronomy, evolution and creationism.
