I rather than define inflation in the most abstract terms that economists
like to use like demand outpacing supply, it is extremely necessary to
define what resources we want to built by using the tools of money creation
(fiscal policy like CoVid relief checks) and backstopping bank liquidity
On Fri, Jul 02, 2021 at 12:50:52PM -0500, Brian Holmes wrote:
political-economic curves. There's a democratic pathway toward just
transition, which demands a break with the industrial power structure and a
willingness to spend time and resources - including your own time and
resources, right now
If the new "global gamble" of low interest rates and debt-financed public
spending does not open up an alternative development pathway including mass
employment through decarbonization, then our goose is cooked. The
stagflation that Nouriel Roubini predicts will lead to fascism and civil/
Original to:
https://www.theguardian.com/business/2021/jul/02/1970s-stagflation-2008-debt-crisis-global-economy
Conditions are ripe for repeat of 1970s stagflation and 2008 debt crisis
Warning signs are there for global economy, and central banks will be left in
impossible position
In
