An injection of cash or lockdown and fear?  Dirk Ehnts and Michael Paetz look at the options.
Last summer, we were mildly optimistic about Europe’s economic response to Covid. It seemed that the German government had let go of its austerity dogma, though not officially. There has been no austerity ...

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Dirk Ehnts

Dirk is an economist based in Berlin. He is the speaker of the board of the Pufendorf Society for Political Economy and author of Modern Monetary Theory and European Macroeconomics.

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Michael Paetz

Michael is a lecturer at the Department of Economics at the University of Hamburg. He has created an explanatory blog on the basics of a monetary economy ( and is …

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