What if the real economic madness of this moment isn’t trying something new but refusing to do so? Austerity has failed. Inequality is rising. Yet
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The IMF can’t join the dots between interest rates and inflation
The IMF is delivering its usual economic orthodoxy in force at its Autumn Meeting, as this report from the FT suggests: The IMF has warned
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Reeves really is doing her best to fail
As Sky News has reported: Rachel Reeves has told Sky News she is looking at both tax rises and spending cuts in the budget, in
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Quantum economics from the perspective of quantum biology: Labour, value and reflection
This is the second in a new series that will be published daily during the rest of this week. The first quantum economics series and
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The IMF is now saying it’s time to worry
Markets may look calm, but the foundations of global finance are anything but secure. Rising government debt, fragile non-bank financial intermediaries, and speculative assets like
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Crypto or AI — which bubble bursts first?
AI doesn’t think. Crypto isn’t money. Both claim to be revolutionary, but both are built on fantasy. In this video, I unpack the shared myth
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Economic myths: perfect competition
Economists still cling to the fantasy of perfect competition — the idea that markets are full of small, powerless firms playing fair. But the real
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Climate change is lapping at your door
As The Guardian notes this morning: Millions more homes in England, Scotland and Wales face devastating floods, and some towns may have to be abandoned
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Why are both the UK’s major political parties running out of talent?
People know that the politicians they are now being presented with, most especially by Labour and the Tories, are, by and large, useless, without an
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