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Items tagged with: Economy


16 #NobelPrize-winning #economists signed a letter warning the re-election of #Trump would ‘reignite’ #inflation, harm the US #economy & lead to higher #prices for #consumers.

Joseph Stiglitz & other #NobelLaureates say Trump threatens #US’s standing in the world.

In the letter released Tues, the economists said that the #Republican candidate would stoke #instability & revive high inflation w/his “fiscally irresponsible budgets”.

#BidenHarris2024
https://www.axios.com/2024/06/25/nobel-prize-winners-biden-economy-trump-inflation


Fox hosts probably need to watch more Fox.

Fox headline "talent" trashes the state of the "#Biden Economy", while the less-watched "news" segments report how WELL the #economy is doing under Biden.

Stunning #hypocrisy w/o an ounce of shame. #GOPHypocrisy
https://youtu.be/fd8iusULn10


Does an olive oil shortage reflect bigger risks to Canada’s food supply chain?
Wholesalers of olive oil in Canada say the global shortage of the oil has been felt in Canada, too, with consumers and restaurants feeling the pinch.
#globalnews #Canada #Economy #Environment #Weather
https://globalnews.ca/news/10580602/olive-oil-shortage-risks-canada-food-supply-chain/


The UK's "national debt" is £2.7 trillion.

That is not enough money in the economy to operate a modern economy of this size. NO WONDER the UK GDP is stagnant and there is "not enough money" to do important things.

Note - the definition of "national debt" is money spent into the economy and not yet taxed back out. It is NOT money that was "borrowed."

#debt #economy #MMT