Christmas is economically strange. We stop working. Spending surges. Profit stops mattering. Time off is normalised. Family and care come first. And we accept all
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Full reserve banking
I received this email this week: Dear Prof. Murphy, I have been watching a great number of your videos on YouTube to clear up my
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Funding the Future over the Christmas period
I know that for many people and organisations, today is the last day of work in 2025. It won’t be here at Funding the Future.
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The Tax Research LLP accounts for 2025
The accounts for Tax Research LLP, which publishes this blog and the RichardJMurphy YouTube channel, for the year to 31 March 2025, are now available on
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Of course we are doing badly
The price we pay for the failure of the Bank of England is very high. These are three headlines from the FT this morning: Right
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What is really wrong with the NHS?
Is the NHS really in crisis because of money — or because we are asking the wrong question altogether? In this video, I argue that
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The Bank of England cuts it base rate
Steve Keen on money
This new video from Steve Keen is good and worth looking at: Sometimes his focus on modelling makes his videos hard to follow: I think
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Polanski, Meadway and a bit of Murphy
Zack Polanski published a new edition of his podcast last night, in which he is in conversation with James Meadway, about whom I have written
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