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James Meadway , Jan 6, 2023. BlackRock thinks inflation will come down only if central banks ‘crush’ economies into a severe recession
The world’s largest asset manager has forecast systemic economic chaos. The reality is even worse
James Meadway , Jan 30, 2023. Are we seeing the collapse of the dollar-dominated global economy?
Financial shocks in recent years are forcing the global monetary architecture to change, say some economists
Der Kommentator Nikolaus Piper versteht unter Freihandelskritikern pauschal alle, die gegen die Absenkung von Zöllen und Abbau von Handelshemmnissen sind. Doch sehr viele Kritiker haben nichts gegen "Freihandel"
By Andrew Trotman, Telegraph 10 Feb 2011 (250 Comments) “Global imbalances are back, with issues that worried us before the crisis - large and volatile capital flows, exchange rate pressures, rapidly growing excess reserves - on the front burner once agai
Links to paper by Reza Moghadam, director of the IMF’s strategy, policy and review department, from April, 2010 (http://www.imf.org/external/np/pp/eng/2010/041310.pdf), which discusses SDRs, globa currency (bancor) etc.
An interview with Susan Gearge, July 2011. "One of the reasons we fought so hard in France against the Lisbon Treaty was that it enshrined neoliberal economic policy at the heart of Europe, and set us up for the kind of crises we now face. Now the Europe
"Judt talar om behovet av moral som ett slags korrektiv till den ekonomiska effektiviteten. Men Judt menar något annat med moral än när högerkristna grupper tar ordet i sin mun. Här handlar det om en samhällelig moral. Om att samhället har ett ansvar för alla sina medborgare. Medborgarna ska få goda arbeten, vård, utbildning och omsorg, samt järnvägar, menar Judt." (ur Åke Svidens anmälan av Tony Judts politiska testamente, Illa far landet)
The Germans are now under enormous pressure. There is internal discontent leading to electoral losses by Chancellor Merkel's party, the CDU, and its neoliberal coalition partner, the FDP. The other social-democratic parties in Europe have been encouraged by Hollande's victory to move somewhat leftward. The two conservative parties in the Italian government coalition have both suffered severe losses in the May municipal elections. There is also, strangely but importantly, pressure by the United States on Germany to move in the direction that Hollande is advocating. The Germans might resist all of this - until May 31, the date of the Irish referendum. The Irish government was the only member of the Eurozone that made its agreement to the new austerity treaty on which Merkel had insisted, with the support of Sarkozy, contingent on a referendum. The polls had been showing that it was a close call, but the Irish government had felt confident it could win a yes vote. Hollande's victory may now shift enough voters so that the Irish vote is negative, in which case the austerity treaty is void. This will undermine the German position far more than the Greek repudiation of the center.
La croissance est devenue le cheval de bataille de François Hollande pour répondre à la crise de l'Europe. Elle a encore été le maître mot de la première rencontre entre les deux chefs de l'État français et du gouvernement allemand. Mais la croissance pour quoi faire ? En effet, qu'elle soit fondée sur la dépense publique et la demande ou sur la compétitivité par l'abaissement du coût du travail et les « réformes structurelles » (selon la vision d'Angela Merkel), la croissance en soi n'est aucunement un gage de progrès social et encore moins environnemental. Et c'est parce qu'ils souhaitent une Europe solidaire, écologique et démocratique, avec une activité économique réorientée, que de nombreux mouvements sociaux européens se retrouveront du 17 au 19 mai à Francfort, face à la BCE.
Robert Pollin , Professor of Economics and founding Co-Director of the Political Economy Research Institute (PERI) at the University of Massachusetts, Amherst: "...the U.S. economy certainly needs to thrive on having some type of planning, investment in research and development, and, crucially, when we have new technologies emerging, having guaranteed markets for them through the government, which is what the Pentagon has done for its technologies. Again, the most obvious case in point is the internet, which was under research and development with the Pentagon for 35 years, never brought in any money, was not commercially viable, and then it became commercially viable after many, many years of work with the Pentagon."
Pollin: "... the Pentagon, part of their industrial policy has been this brilliantly executed plan of having activities in every single congressional district in the country. So every single congressional district in the country benefits from the $700 billion military budget. If we're spending $700 billion, Paul, on the military, we cannot help but create millions of jobs. How could it be otherwise? When you spend that level of money, you're going to create a whole lot of jobs. And I would say roughly 6 million jobs in the economy are tied directly to the Pentagon spending."
Expressen 29.4. "Euroländernas budgetnedskärningar har felaktigt motiverats med att en statsskuld över 90 procent av BNP leder till tillväxtkollaps. Argumenten har hämtats från en studie av två berömda amerikanska ekonomer - Rogoff och Reinheart. Men ny ligen upptäckte Thomas Herndon, forskarstudent vid University of Massachusetts, att slutsatsen bygger på allvarliga räknefel. I stället för en påstådd genomsnittlig negativ tillväxt på 0,1 procent har länder med en statsskuld på 90 procent i genomsnitt haft en positiv tillväxt på 2,2 procent." artikel av Carl Cederström, Finansanalytiker och ekonomiskribent, med ett förflutet som bland annat fondförvaltare på Carnegie.
On June 5, 1883, British economist John Maynard Keynes, 1st Baron of Keynes, was born. His work and his ideas have fundamentally affected the theory and practice of modern macroeconomics, and informed the economic policies of governments. He is one of the founders of modern macroeconomics and is widely considered the most influential economist of the 20th century.