Thursday, 26 September 2019

Positive Money vindicated.

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I’m delighted to see Chris Giles (economics editor at the Financial Times) advocate the idea, which has been advocated by Positive Money fo...
Sunday, 22 September 2019

Is MMT too monetarist?

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Frances Coppola claimed recently on Twitter that Warren Mosler (founder of Modern Monetary Theory) is too monetarist. I beg to differ: i.e...
Wednesday, 18 September 2019

A less than brilliantly clever article by Grace Blakeley.

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This New Statesman article by Grace Blakeley isn't too clever. (Article title: "The next recession won't be like...") Sh...
Monday, 9 September 2019

Crass Project Syndicate article by Roger Farmer.

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First, he claims the coexistence of low unemployment and low inflation disproves the conventional idea that the two are inversely related....
Monday, 2 September 2019

To cut interest rates, they first have to be artificially raised, which involves the poor subsidising the rich – mad or what?

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Why exactly do governments borrow? Well it’s not for the same reason as most private sector entities (households or firms) borrow, i.e. to...
1 comment:
Wednesday, 24 July 2019

The IMF’s bizarre “fiscal space” idea.

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If you’re looking for incompetence in high places, nothing quite beats the “fiscal space” idea, much favoured by the IMF, OECD and similar...
1 comment:
Wednesday, 10 July 2019

Durham Miners’ Gala – 2019.

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I’m setting up a stall at the Durham Miners’ Gala on Saturday 13th July and handing out the article below on an A4 sheet – minus the last s...