mainly macro
Comment on macroeconomic issues
Tuesday 16 April 2024
Could governments finance deficits by creating money?
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MMTers often say that financing government spending less taxes by issuing government debt is a policy choice, because they could instead ...
Tuesday 9 April 2024
The Anatomy and Reasons for UK relative Economic and Political decline over the last decade and a half
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Nothing works anymore, the country is in a mess, worker’s living standards have remained stagnant, public services are at breaking point. ...
Tuesday 2 April 2024
Why Quantitative Easing is currently so costly
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Unwinding Quantitative Easing (QE) is currently costing the public a great deal of money. Nearly £50 billion (almost 2% of UK GDP) has bee...
Tuesday 26 March 2024
Why raising taxes substantially is critical for the next Labour government to be sure of achieving its missions
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My series of posts on detoxifying government debt was all about why Labour should not be afraid to increase public investment substantial...
Tuesday 19 March 2024
Detoxifying government debt, part 4. Labour’s inheritance
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The Labour party has for a long time been fearful about high government borrowing to fund additional public investment. It didn’t start wi...
Tuesday 12 March 2024
On maxing out credit cards and magic money trees
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“When you repeat a lie, you spread it. When you spread a lie, you strengthen it. When you strengthen a lie, you become an accomplice t...
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