This is one of a series of posts that will ask what the most pertinent question raised by a prominent influencer of political economy might have been,
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The Alternative Budget 2025, Part 2: Understanding tax and ‘borrowing’
Rachel Reeves will be presenting her Budget on November 26, if the Labour government of which she is a part lasts that long. I will
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Kings, knights and modern monetary theory
Most people in the UK still believe in the power of royalty — and the power of the honours system. We accept that a knighthood
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Laffer’s curve: the tax myth that promoted inequality
Arthur Laffer’s “curve” is one of the most destructive ideas in modern economics. Sketched on a napkin in the 1970s, it claimed that cutting tax
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MMT v fascism
Ignorance about money is set to become an even more important feature of UK politics, it would seem. As the FT has reported: A former
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Tax, Budgets and Scotland
I did this podcast with Xander Elliards of The National on Monday (and I wish they’d told me my lens was dirty: I had no
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The economic fundamentals of a Scottish currency
I was asked on this blog yesterday whether Scotland could afford to have its own currency, and whether the process of introducing one would be
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Where does the money go when the government spends — and when it taxes?
A reader here has written in response to recent posts on how government spending works: “Thanks, Richard, for the patient and insightful explanation. In my
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A narrative for a Scottish currency
On Saturday, I spoke at the Scottish Currency Group conference in Dunfermline via weblink. I was asked to talk about money, but slightly to my
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