“For the proposition that supply creates its own demand, I shall substitute the proposition that expenditure creates its own income” (JM Keynes Collected Writings, Volume XXIX, p81) G20 Finance Ministers met in Huangzhou, China recently and refused appeals from both the IMF and the OECD for “urgent collective policy action” that focussed “fiscal policies on investment-led […]
Posts Tagged ‘G20’
World finance ministers complacent at threat of a synchronised downturn
Mar 11th, 2016 by Ann Pettifor.
G20 should aim tax avoidance rules at the banks & super-rich
Sep 19th, 2014 by Michael Meacher.The latest OECD draft rules to regulate massive corporate tax avoidance are a real advance so long as the 44 countries concerned (90% of the world’s economy) stick to their resolve, push these measures through and resist the enormous lobbying that they can expect from a determined corporate push-back. But the past record on that is […]
