The QE process
Monday, June 19th, 2023The QE process describes the series of transactions undertaken through the central bank reserve accounts maintained by commercial banks with a central bank as a
Read the full article…
Publications
Friday, February 10th, 2023This page refers to and links where possible to my major publications, largely to shut up those trolls who say I have never written anything.
Read the full article…
Richard Murphy
Tuesday, July 4th, 2006Richard Murphy (66) was a practising chartered accountant for forty years and is now a political economist. He is Professor of Accounting at Sheffield University
Read the full article…
Are those calling for more defence spending simply trying to stoke inflation?
Tuesday, April 16th, 2024According to historian Niall Ferguson, we are, apparently, incredibly close to the onset of World War III. There is a land war in Ukraine. There
Read the full article…
It takes considerable inability to get so much, so wrong, so often, but the Bank of England has achieved it.
Tuesday, April 2nd, 2024As the Guardian reports this morning: [Retail] industry figures show prices rose at an annual rate of 1.3% in March, down from a rate of
Read the full article…
We need an economics that prioritises the needs of people
Tuesday, March 19th, 2024I have written this morning about the costs that will arise as a result of our need to make good on decades of underinvestment in
Read the full article…
Lessons from Japan and the Bank of England: monetary policy cannot be used to control inflation
Tuesday, March 19th, 2024As the FT reports this morning: The Bank of Japan has ended an era of negative interest rates, raising borrowing costs for the first time
Read the full article…
The UK does not have a national debt but does instead offer a range of national savings products
Thursday, March 14th, 2024My evidence to the House of Lords Economic Affairs committee on the sustainability of the UK’s national debt is now available on the parliamentary website;
Read the full article…
The Bank of England is failing to control inflation that is being driven by the excessive consumption of the rich so it intends to punish those least well off even more
Thursday, February 29th, 2024The FT has a post this morning that says: The article says: The Bank of England is struggling to bring inflation back to target because
Read the full article…
