No euro helped Sweden's economy Sweden has historically chosen to stay outside the eurozone. This decision has given the country some financial flexibility and freedom of action in times of crisis. A clear example of this was the financial crisis. The affected world economy in 2008/2009. During this period, Sweden was in a position where we could pursue an expansive monetary policy to...
Category: Banking and financial crises
The history of banks governs world politics
The truth about immigration
A conservative view is that a country can either have a sustainable welfare state or high levels of immigration. But that view is wrong. The fact is that we can achieve both a well-functioning welfare state and increased immigration. By using progressive taxes and government deficits to invest in making everyone in society feel good…
Your vote for a government building subsidy can save society and the climate
Vote for the state to reintroduce the construction subsidy https://agera.skiftet.org/campaigns/aterinfor-byggstodet A state construction subsidy to build cheap, good and beautiful homes as well as housing subsidies and regulations that lower the average rent to 25% of the salary of low-income earners can have positive effects on the economy. These measures can potentially reduce inflation, increase employment, promote societal output and reduce economic disparities. By increasing…
He who is in debt is not free - the untrue myth about Göran Persson and his heroic glory
"He who is in debt is not free." Göran Persson's trip to New York to ask for a loan and implement cutbacks has become a destructive and untrue myth in Swedish politics. But the story about the crisis in the 1990s and the need for budget consolidation is not correct. This is written by researchers Niklas Altermark, Max Jerneck and Elisabeth...
Resistance to deficits and investments leads to recession in Sweden
Resistance to deficits and investments leads to a recession in Sweden. According to a debate article by Daniel Suhonen and Enna Gerin, Sweden is backing away from Kataly's handfalls into the future. The Tidö government suffers from a morbid inability to grasp Sweden's problems. The country will probably enter a recession. Growth will be the lowest in the EU. Swedish households do not have…
Inflation peaked in July 2022 in the US but not the interest rate
Inflation in 2022 was due to bottlenecks in production due to the pandemic. The rate hikes did not stop inflation, according to Alan Blinder, former vice chairman of the Federal Reserve. Since July 2022, the rate of price increases in the United States has decreased. Unemployment is the lowest in 50 years. The rising prices are otherwise due to too little competition between the few dominant market players and too free pricing....
No government deficits – society's unnecessary straitjacket
Vote for bigger government deficits! Deficits are part of how the state regulates the market and protects citizens and nature. Neoliberalism attacks this. How is money created? Can we afford to work? Sweden's Riksbank's prize in economic science in memory of Alfred Nobel in 2022 suggested that banks have an important role for the social economy even if this can…
Financial capitalism and feudalism in the West versus industrial capitalism in the East
Financial capitalism in the United States today is reminiscent of the former feudalism or l'ancien régime in Europe at the end of the 1700th century. In the last years of feudal rule, the money within the elite went mostly to passive, interest-bearing and cike-productive incomes. Industrial capitalism out competed the aristocracy during the 1800th century by delivering goods, albeit brutally. There was also over time in industrial capitalism a…
Trickle-down economics has reached the end of the road
Comedian Jonathan Pie shows with pinpoint brilliance in the video below how Trickle-down economics with his mantra: "Help the rich! Punish the poor!” not working. Trickle-down economics does not build a strong economy nor a strong welfare. Put simply, it leads to a very difficult existence for those who have the least. Even many high achievers…
Normal inflation means both rising prices and wages
The last year's inflation has mostly meant rising prices. Wages and welfare have not kept up. Result: record-breaking cash register at e.g. ICA and many energy companies. Politicians especially within the right but also within the social democratic movement and trade unions contribute. They urge the wage earners not to demand compensation for increased prices. This is because our inflation…