UK interest rates are far too high, and the Bank of England is making a serious mistake by keeping them that way. Mortgage holders are
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What if the national debt is not a burden at all? What if it is simply the nation’s savings? Any sensible analysis shows that this
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As Katie Martin has noted in the FT this morning, there is something exceptionally strange going on in the world’s financial markets at the moment,
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I could write a lot about bond markets, the media, and the conspiracy they have created by mutual consent to deny democratic choice in this
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Bond markets are reported to be twitchy this morning. Gilt rates are rising. The City of London is muttering about “fiscal credibility”. And the reason
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The FT included an article this morning that demonstrates very clearly why MMT thinking is so important. This was an opinion piece by a person
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There are a whole host of reports in the media this morning about Rachel Reeves, the International Monetary Fund, the change to the UK’s circumstances
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This discussion took place at the recent Scottish Economics Festival: This is the transcript: Will: And now you’re aware of a report that I wrote
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As the FT notes this morning: The governor of the Bank of England has warned there are “substantial risks” of spillovers to UK financial markets
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