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Richard Murphy on tax, accounting and political economy

23
Sectoral balances show that government deficits fuel private saving

Posted on January 14 2021

This Tweet from MMT professor Dirk Ehnts is well worth sharing: I have been playing with the sectoral financial balances today, with data prepared by
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36
The paradox at the heart of Labour’s economic policy

Posted on January 14 2021

Annelise Dodds had two deeply conflicted comments to make in her Mais lecture last night. She said: A responsible approach to government debt is also
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6
Labour’s message to women and the retired is ‘go to work’

Posted on January 14 2021

Anneliese Dodds said this in her Mais lecture yesterday: Longer-term, we cannot discount the possibility that trends, including demography, may exert upward pressure on inflation.
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12
Labour still thinks the financial markets are in charge – and that’s profoundly disappointing when that’s not true

Posted on January 14 2021

I wrote yesterday about Labour’s dedication to fiscal rules, and how ill-advised this was. I have now read Anneliese Dodd’s Mais lecture, given last night.
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11
The FT is saying today that ‘austerity does not work, long live austerity!’

Posted on January 14 2021

The FT has published the most extraordinarily confused editorial today. It is on the future direction of macroeconomic policy, and so well within what should
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14
WIll MMT punish working people with tax rises if there is inflation?

Posted on January 14 2021

I was asked to make this video to explain whether, or not, people on low incomes would be punished more heavily than those with higher
Read the full article…

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