I was interested to read an article by Richard Leonard, leader of the Labour group in the Scottish parliament, in the Scotsman today, calling for
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The Economist can promote MMT and still not call it by its name
The Economist has published an article on the so-called Phillips Curve. The article was noted to have: appeared in the Schools brief section of the print
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Investing in jobs and climate is key
From the Guardian: Your editorial (19 August) correctly points to the fact that the “money no problem” approach to tackling the short-term upheavals caused by coronavirus must
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Why we don’t need tax increases in the UK any time soon
This issue really matters to me. For decades people have said all I want is tax increases. And I am pleased to say that I
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Would Scotland have a debt to the rest of the UK if it becomes independent, and crucially, what would be payable?
I had an exchange with the eminent UK constitutional lawyer George Peretz QC last night as a result of my claim in my response to
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New currencies in new countries are normal. What is all the fuss about?
I posted my tweets in response to Andrew Neil’s comments on Scottish currency here, yesterday. Last night one of the many responses was this one:
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Amazon can get it right
I try not to buy from Amazon, but it’s sometimes a useful place to look for a reference, like an ISBN number. This morning they
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How many U turns can a government make?
No one is surprised that this government made mistakes when dealing with coronavirus. Everyone would have done. Dealing with the unknown is always going to
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If government debt cannot be repaid – and in a technical sense it’s not possible to do so in a country like the UK – then why don’t we call it capital?
The issues I have raised in my discussion on what I consider to be the misstatement of government debt by the Office for National Statisticsin
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