This is so stupid (if only because California is the first to try it) that we won’t even comment on it any more suffice to say that no, spending 100 billion euros to fight inflation…. won’t work.
Source: Reuters
The only question worth pursuing at this point is whether they are really that stupid, or if this all a planned demolition, in which the idiot public is supposed to just swallow everything and believe all the lies.
The JGB bond market, which has long been the pinnacle of MMT lunacy and a testament to a dying financial system, may be on its way out for good (read “One Bank Makes A Stunning […]
Oil markets experienced a degree of inflation immunity Thursday. That’s according to Rystad Energy’s Senior Oil Markets Analyst Louise Dickson, who noted that benchmarks rose despite the U.S. Federal Reserve’s announcement that an interest rate […]
The European Union continued its economic slowdown in the third quarter. High inflation, an energy crisis, a global slowdown and tighter financing conditions were drags on EU growth. The war in Ukraine continues to take […]
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