I have just put out the following Twitter thread to address some of the nonsense being said about inflation risk today, and other comments that
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We’ll be just fine so long as no one, anywhere, anytime, thinks that we have to repay the government’s so-called debt. Because in this crisis that is the one thing we will not need.Â
I have just posted these comments as a twitter thread, which is why they are written in the short form that they are in: The
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Thoughts on government debt this morning
The government borrowed £62bn in April. Twitter is hyperventilating. These were my contributions to that platform, so far this morning: There is another thread to
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Negative interest rates: the new economic reality is just fine right now
As the FT has reported this morning: Growing expectations for further rate cuts in the UK sent yields on government bonds below zero on Thursday,
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Climate, economic and tax justice are the same fight
Very shortly before the coronavirus pandemic really broke the Tax Justice Network published the first of a two-part series of articles on the relationship between
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Cancelling the NHS charge to migrant workers may be one U-turn, but it’s also a clear sign of systemic incompetence
The Johnson government has suffered its first, and quite humiliating, U-turn. As has been widely reported, despite Johnson’s staunch defence on Wednesday of the charge
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Richard Murphy
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