The government announced its new ‘rule of 6’ yesterday. It is illogical. At the same time it announced it’s £100 billion ‘moonshot’ plan to deliver
Read the full article…
Modern monetary theory in a tweet
I tried to summarise modern monetary theory in a Tweet this morning: It loses some nuance. And the job guarantee is only hinted at with
Read the full article…
There are some realists at the Bank of England
Reuters appears to be almost alone in reporting comments made by Bank of England Deputy Governor Dave Ramsden to the Treasury Select Committee yesterday. As
Read the full article…
Scotland has to choose modern monetary theory
As is, I think, known by most readers if this blog, Larry Elliott, who has been the economics editor of The Guardian for decades, has
Read the full article…
Steve Keen’s lightbulb moment on modern monetary theory
I cannot recommend this podcast episode enough: Debunking Economics was, and is still, the classic book by Steve Keen, which I consider essential reading for
Read the full article…
Scotland’s problem is not that its taxes are too low, but that its spending is just not big enough
George Kerevan has an article on Bella Caledonia in which he claims: His argument is: Is there anything new to say about the latest GERS
Read the full article…
Ultra low interest rates are here to stay – and the US Fed is leading the way
As the FT has just reported: The Federal Reserve has adopted a new strategy for monetary policy that will be more tolerant of temporary increases
Read the full article…
Austerity illustrated – with the aid of a black and white TV
I loved this twitter thread by Tony Weston, who sometimes commented here, and think it deserves a wider coverage, so I hope he will excuse
Read the full article…
There is no such things as taxpayers’ money
Few things make me more annoyed than the claim that ‘we’re spending taxpayers’ money’. This video explains why (and yes, the apostrophe has gone missing….and
Read the full article…

Buy me a coffee!
