People have been asking me to write a glossary entry on bonds. This is my draft. Comments are welcome. Background There is much confusion amongst
Read the full article…

When a Chancellor is out of ideas, they always do the same thing. They announce they will be cutting red tape. And so, we have
Read the full article…

As every person who takes social media seriously knows, it is a life in which statistics play a part. You just can’t help looking at
Read the full article…

Rachel Reeves says she needs to raise taxes to “balance the books.” But that’s not how government finance works. In this video, I explain why
Read the full article…

The government now wants migrants to speak English at A-level standard. But what does that really mean? In this video, I argue that this policy
Read the full article…

A comment on this blog, posted this morning, made me realise that when I talk about political economy, which is a phrase that recurs throughout my
Read the full article…

I spent a lot of time thinking over the weekend. There were moments for leisure, birdwatching, a family meal and film, and for working out
Read the full article…

Tommy Robinson, the British far-right agitator whose proper name is Stephen Yaxley-Lennon, visited Israel at the invitation of Amichai Chikli, the Israeli Minister for Diaspora
Read the full article…

Every pound of so-called “government debt” is a private financial asset. When the government spends, it creates money that becomes your wealth. Yet politicians pretend
Read the full article…