The Bank of England is failing to control inflation that is being driven by the excessive consumption of the rich so it intends to punish those least well off even more
Thursday, February 29th, 2024The FT has a post this morning that says: The article says: The Bank of England is struggling to bring inflation back to target because
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A little knowledge of macroeconomics is a very useful thing if you're claiming to be a social policy expert
Wednesday, February 28th, 2024I did a pre-record interview for Times Radio last night, which went out sometime after 10 o’clock, but I admit I did not listen to
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Tax and money flows within the economy
Monday, February 12th, 2024This post is the third of the three that relate to the economic ideas underpinning the Taxing Wealth Report 2024. The first was on tax
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The Bank of England's justifications for quantitative tightening as provided to the Commons Treasury Committee are almost entirely untrue
Wednesday, February 7th, 2024The House of Commons Treasury Committee published a report on quantitative tightening this morning. It’s 40 pages, and whilst I have scan read it all, please
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Don’t you just love being patronised by smug, self-interested, central bankers?
Tuesday, February 6th, 2024I have already mentioned patronising politicians this morning, so let me not miss out on mentioning patronising central bankers as well. As the FT reports
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Glossary entry: the national debt
Tuesday, January 30th, 2024I am proposing to post this explanation of the nature of national debt in this blog’s glossary once comments upon it have been made. I
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The political economy of money and tax
Saturday, January 27th, 2024The Taxing Wealth Report 2024 is all about tax reforms. However, to propose reforms without suggesting why it is economically appropriate to do so makes
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How Rachel Reeves will find more than £50 billion a year for public spending
Wednesday, January 24th, 2024I was interviewed yesterday by a journalist who wanted to know what I thought Rachel Reeves might do with regard to business taxation, and corporation
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Have we got banking regulation wrong in the era of mass central government money creation?
Monday, January 8th, 2024Regular commentator on this blog, Clive Parry, has written a note on how the banking system and government and commercial bank money creation work, which
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