A thread, posted on Twitter this morning, partly in response to all that Jack Monroe has said this week, and partly in response to suggestions
Read the full article…
What is Jacob Rees-Mogg’s sudden interest in inflation and tax cuts all about?
As the Guardian notes this morning: Jacob Rees-Mogg has asked Rishi Sunak to reconsider impending tax rises as the chancellor and the prime minister came
Read the full article…
The government has to act on a Covid lockdown today. By tomorrow it has to say what it will do to support the economy, which is likely to crash in January. Nothing less will do.
I posted this thread on Twitter this morning: I have already suggested in a blog post written this morning that today is pivotal to what
Read the full article…
An increase in interest rates would be an act of class warfare
The Bank of England is sending out signals, again, that it is expecting to increase bank interest rates soon. The current official interest rate is,
Read the full article…
World shipping is already sending out the signal that global supply chains are being sorted. Inflation will decline as a result.
There remains much discussion of inflation in the media, fuelled by central bankers and others. Yesterday Andrew Bailey from the Bank of England was before
Read the full article…
The Bank of England is moving towards inflation pessimism. The IMF says they are wrong. Only one can be right, and I very much doubt it’s the Bank.
As the FT has reported this morning: High levels of UK inflation could persist for longer than expected, the Bank of England’s new chief economist
Read the full article…
Why is Labour stuck in gold-standard thinking era? And why does it want gold-standard era austerity that inevitably follows?
From the Sunday Times today: So, austerity here we come because Rachel Reeves has not noticed we have a fiat currency as yet. Why is
Read the full article…
The new chief economist at the Bank of England is setting us on a route for recession
I posted this on Twitter yesterday afternoon: My reasoning was straightforward. We have a new chief economist at the Bank of England, who will serve
Read the full article…
Inflation, what it is and why there’s no reason that we require interest rate increases to tackle it right now
I have just posted this Twitter thread tackling the issue of inflation… People are really worried about inflation. The right-wing media is fuelling that concern
Read the full article…
-
Richard Murphy
Read more about me
-
Support This Site
If you like what I do please support me on Ko-fi using credit or debit card or PayPal
-
-
Follow me
Buy me a coffee!