I have added this entry to this blog’s glossary at the request of some commentators. I stress that in an area as complex as this,
Read the full article…
Full reserve banking
I received this email this week: Dear Prof. Murphy, I have been watching a great number of your videos on YouTube to clear up my
Read the full article…
How to prepare for a crash
What can ordinary people do if the financial crash many economists fear is coming? In this video, I explain some practical, calm, and sensible steps
Read the full article…
Economic questions: the James Tobin question
This is one of a series of posts that will ask what the most pertinent question raised by a prominent influencer of political economy might have been,
Read the full article…
New glossary entry: Spahn taxation
Of all the concepts I noted in my post on making capital controls work this morning, the one likely to be most unfamiliar is Spahn
Read the full article…
Making capital controls work
A commentator called Milano asked yesterday: Given today’s highly interconnected plumbing (gilt repo, FX swaps, CCPs, non-bank leverage) and the fact that Thatcher’s government first
Read the full article…
Nine people need to go at the Bank of England
This piece in a Telegraph newsletter this morning is a classic: The Bank of England has warned its near 6,000-strong workforce of job cuts as it
Read the full article…
This is not a way to run an economy
After a night where I spent more time awake than asleep, a few thoughts on an article that caught my attention as my nose and
Read the full article…
Scotland should take control of its banks
I might not feel like writing much this morning, but I have a column in The National this morning suggesting that it is time for
Read the full article…

Buy me a coffee!
