Danny Blanchflower and I are in the Guardian this afternoon with a Larry Elliott article dedicated to our new report:
What we are suggesting is wholly counter-cultural at present, which is precisely why we have done it. The world has to move in a different direction now or we will remain deep in economic trouble. We work together as the Mile End Road Economists precisely to say that.
Thanks for reading this post.
You can share this post on social media of your choice by clicking these icons:
There are links to this blog's glossary in the above post that explain technical terms used in it. Follow them for more explanations.
You can subscribe to this blog's daily email here.
And if you would like to support this blog you can, here:
Buy me a coffee!
Your report is particularly well timed, as Credit Suisse looks as if it will be taken over by UBS or nationalised, according to C4/FT.
Crisis? What crisis?
This feels so late summer / early autumn 2008
But have you noticed though how…………….’normal’ or even ‘natural’ this is being made to look?
And that is dangerous.
Well done indeed!!
You are quoted as well in this one: https://www.theguardian.com/society/2023/mar/19/nhs-hospital-doctors-hunt-pension-giveaway-voluntary-early-jeremy-hunt-retirement
Well done for your profile today!
That is in the Mirror too….
Quite a busy day….
Well done – hope this will encourage the select committee and othersd to engage with it.
Good day’s work. Well done!
Wonderful!
This is a testament to the persistence of you, the Mile End Road Economists.
Thank you.
Agreed that high interest rates seem only capable of crushing small businesses and hamstringing lower middle-class mortgage holders. However, the following statement – “QE had been “benign and saved the country from many of the worst impacts of the austerity pursued by successive governments since 2010 without creating the current inflation we are suffering…” is extremely difficult to rationalise. How exactly can new, fake digital money be ‘benign’ ? The influx of cash into economies temporarily prevented catastrophes but still partly contributed to the cancer that is rising prices years later. Are we now asking for MORE quantitative easing or is this an obfuscation? Your message is so important but how will the general public and policy makers take you seriously if you deny reality for the sake of being contrary?
Why not read the report
And why not understand money rather than write nonsense like ‘How exactly can new, fake digital money be ‘benign’ ‘
All money is digital and all is ultimately central bank created
And it was benign because without QE we would have had deep recession
Whilst there is no (I repeat no) evidence QE created current inflation
Please don’t waste my time arguing: there is no case to make