James Carville, adviser to Bill Clinton, once said that if there were reincarnation, he would like to come back as the bond market, because then
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Why fiscal rules stop change
Fiscal rules are not laws of economics. They are political straitjackets designed to stop change. Every Chancellor since Gordon Brown has used them to limit
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The TUC says the public support higher taxes on wealth
The TUC published this press release yesterday, and I am going to share it as they published it, because I think it is interesting enough
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Migration is essential: we literally cannot do without it
The Guardian published these maps projecting changes in the population of countries and regions within Europe by 2100 yesterday. This is the map of population
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Sustainable cost accounting at UCL today
One of my pleasures in life these days is not travelling nearly as much as I used to. The only way in which this blog
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Why are interest rates rising around the world?
As Andrew Bailey of the Bank of England noted yesterday when giving evidence in the House of Commons, interest rates are rising around the world
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Can Rayner survive?
I am already immensely bored by the Angela Rayner stamp duty story. For the record, I doubt she will survive this episode in office. Her
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Tax transparency really matters
The Global Initiative for Fiscal Transparency (GIFT), the International Budget Partnership (IBP) and the University of Sheffield have launched a major new training programme on
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MMT and rules of government borrowing
A new commentator left the following comment on this blog after my most recent video. They started with a quote from me: ‘And bonds in
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