So this is really telling: Lars P Feld personal advisor to German Finance Minister Lindner applauding simplistic quantity-theoretic critique (sic) of ECB support for Italy and blaming "refusal to reform". Seriously folks do we really want to refight those battles?

When one reads the amount of commentary on the possible loss of income by 3-5% by the average EU citizen and at the same time reads of degrowth proposals that would cut Western incomes by 60%, one feels a total disconnect.

Watching this horribly wrong “explainer“ of ECB monetary policy from the main German news program hints at why 🇩🇪 public opinion on money and central banks continues to draw heavily on outdated monetarist thinking.

Yes?

When your mortgage financing system blows up and leads to a global recession, so you nearly abolish the adjustable rate mortgage just to then lead the largest global hiking cycle in 50 years and screw over every country that kept the adjustable rate mortgage system.

This the generalized version of the superstar firm dilemma. Within-industry dispersion of productivity has been rising secularly since at least 1987. This is the secret motor that is generating increasingly polarized outcomes for firms and their workers.👀

Abschiebegrund: Familienzugehörigkeit.

Fidèle à l’esprit originel du macronisme, Gabriel Attal a aussitôt actualisé son profil LinkedIn

Americans finding out about bank transfers without 5 parasitic apps as intermediaries

Really striking and important work on "Do Politicians Affect Firm Outcomes? Evidence from Connections to the German Federal Parliament" by Andrea Weber & co. @BSE_Berlin on Monday. Food for thought for thinking critically about compliance rules and public policy/politics in 🇩🇪

Man stelle sich vor, die Bundes-Innenministerin würde in vergleichbarer Weise gegen Polizisten agitieren. Da wäre was los, auf allen Ebenen. Völlig egal, ob sie Dienstherren ist, oder nicht.

Diesem Totalausfall im BMBF muss eine Ende gesetzt werden. Dabei darf die Tatsache, dass eine mögliche Kürzung von Fördergeldern lediglich geprüft wurde, nicht entlastende gelten.

4/ Key finding #1: In the past forty years inflation has been systematically higher for the poor, with important implications for the measurement of inequality and the poverty line. In short: inequality has increased about 45% faster than with the conventional measure!

Inhaltlich habe ich nichts gegen eine schnelle Reform der #Schuldenbremse, das dürfte bekannt sein. Aber dies noch mit den alten Mehrheiten durchpeitschen zu wollen, nachdem ein neues Wahlergebnis vorliegt, halte ich juristisch für sehr heikel und im Kern für undemokratisch.

a good bye lenin satire set in stuttgart where a young man has to maintain the illusion of a balanced german budget to protect his elderly Kleinsparer mother who has recently suffered a heart attack

Ich sage es nochmal in aller Deutlichkeit: Unterernährte Kinder mit Vorerkrankungen sind nicht weniger schlimm als unterernährte Kinder ohne Vorerkrankungen. Punkt. Diese Kinder sind dort und sie sind unterernährt. Die Welt hat ein Recht, das zu sehen.

Merz chuckles as Trump attacks and insults a fellow EU member. Will be taken good note of

ICYMI: Last fall, I had asked Pettis about the direction of causality and the overly mechanistic aspects of his framework. I think it’s iffy to frame fiscal deficits as primarily the result of trade deficits and I think financial inflows are driven primarily by higher returns.

« L’IA va faire disparaître des travailles » Voilà ce qu’on fait avec l’IA

A journalist’s job is to question power. When reporters start asking the world to thank governments, they are doing PR for them