Commentaries (some of them cheeky or provocative) on economic topics by Ralph Musgrave. This site is dedicated to Abba Lerner. I disagree with several claims made by Lerner, and made by his intellectual descendants, that is advocates of Modern Monetary Theory (MMT). But I regard MMT on balance as being a breath of fresh air for economics.
Tuesday, 2 January 2018
Random charts - 49.
Large pink text on the charts below was added by me. Re the Persimmon chart on the cost of building houses, there's another quite similar chart for one of the other main UK house builders, so the Persimmon one may be typical for UK house builders.