The FT is annoying me, again, this morning with an article by someone called Neil Hudson that opens with this: There is a line about
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Where does the money go when the government spends — and when it taxes?
A reader here has written in response to recent posts on how government spending works: “Thanks, Richard, for the patient and insightful explanation. In my
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Is Apple worth $4 trillion?
Apple has crossed a $4 trillion valuation. That’s $495 for every single person on Earth — if we all shared it. But we don’t. This
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What Rachel Reeves is signalling in advance of her budget
Rachel Reeves has published her pre-budget pitch in The Guardian this morning. In it, she claims that the economy has “strong foundations”, that interest rate
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Why are people who are capable of massive misjudgement allowed to run public companies?
I found it quite staggering that the FT could report this today: Barclays has agreed to buy US personal loan business Best Egg for $800mn
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Growth is not coming back — and nor should our democracy depend upon it
Martin Wolf has (once again) declared in the Financial Times that the fate of democracy rests on economic growth. As he said, in advance of
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Economic myths: perfect information
I have added this entry to this blog’s glossary, it being a myth within neoclassical economics. Perfect Information A pillar of neoclassical thought is the
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A narrative for a Scottish currency
On Saturday, I spoke at the Scottish Currency Group conference in Dunfermline via weblink. I was asked to talk about money, but slightly to my
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Larry Elliott on fiscal failure, technological anxiety and cautious optimism
The UK is stuck in a self-inflicted fiscal trap. Larry Elliott, former Guardian Economics Editor and my co-author in the Green New Deal, joins me
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