Economics and politics - comment and analysis

Turkey and the mirage of monetary sovereignty

Cross-posted from Brussels Morning (https://brusselsmorning.com)
Turkey has fallen into a traditional carry-trade trap that is destabilising its currency; the structural solution to the challenge at hand would be to join a currency bloc.
The Turkish lira’s exchange rate has been in the international financial markets’ focus for months. …

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The Great Paradox: Liberalism Destroys the Market Economy – Part 3

Capitalism is celebrated by the liberals as a success story. But this success can only be seen in the USA – and, even then, only for reasons that are incompatible with the liberals’ own ideology.
Originally posted in German at Makroskop
Translated and edited by BRAVE NEW EUROPE

In the second part I already pointed out that the neo-liberal revolution in Germany after 1980 was by no means a success story. …

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The Great Paradox: Liberalism Destroys Market Economy – Part 2

Capitalism is celebrated by the liberals as a success story. But, since the liberals came to power, capitalism has lost an enormous amount of its allure. There is no right policy when the thinking behind it is wrong.
Originally posted in German at Makroskop
Translated and edited by BRAVE NEW EUROPE

The public sphere of Western democracies, …

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