AI could cost you a fortune, and not because of the price of a ChatGPT subscription. The AI investment boom is drawing enormous amounts of
Read the full article…

My View on … Money Richard J Murphy September 2026 ________________ This post is part of an ongoing series in which I set out my
Read the full article…

Could Britain really need another IMF bailout? The Financial Times has revived memories of 1976, when Britain turned to the International Monetary Fund for financial
Read the full article…

The madness of raising interest rates to tackle inflation caused by the war in the Gulf continues worldwide. As The Guardian reports this morning: The
Read the full article…

Why should money earn interest simply because somebody owns it? We usually treat interest as a natural and inevitable part of the economy, but in
Read the full article…

I have a new podcast out with Prof. Radhika Desai: I really enjoyed this conversation. Like my conversations with John Christensen, I think this is
Read the full article…

Politicians and economic commentators constantly talk about “taxpayers’ money”. In this video, I argue that this phrase fundamentally misrepresents how government spending and taxation work.
Read the full article…

Is the UK facing a government debt interest crisis? More than £100 billion a year is now being spent on debt interest, and this is
Read the full article…

A commentator on this blog asked me what the Ways and Means Account was yesterday. I thought the best way to respond was to create
Read the full article…