Britain’s Keynesian press & public service broadcasters view President Roosevelt’s New Deal as something to ‘put on a pedestal’ (Guardian June 27). Sadly the New Deal has gone into mainstream academic & political economic archives as successful, remarkable as...
I spent 40 years with City institutions, I am so glad to be out of it, I retired in 2004 . It is impossible to value assets in any realistic way. As a neo Austrian economist I understand well...
I wonder what would happen if our bank manager called us in because he was worried about our spending. The Chancellor of the Exchequer of course has no bank manager in the way we do. But he has a...
We must be cautious how we welcome Andrew Bailey, Mark Carney was certainly the worst governor in post war history so CoCo the clown would look good initially. He has to date been what a commanding officer might mark...
https://www.youtube.com/watch?v=gzPGlPZPRWIDear Chancellor,
Fiscal Discipline
The government reaction to the Coronavirus pandemic hypothesis has bordered on hysterical, but we are where we are & the unprecedented national debt is estimated at over...
These days, most mainstream news reports are being monopolized by the pandemic, the covid vaccine and all the new rules and lockdowns that are being enforced across the Western world, and this near-obsessive focus comes at the...
Most people get about their business dealing with the currency of their country or zone. Pounds, euros, yuan, yen, they know if they visit the United States it would be dollars. Everyone understands that world commodities are traded in...
Modern Monetary Theory or MMT is supposedly the new kid on the block - espoused by the likes of Paul Krugman, Will Hutton & various other so-called economists - whose claim to fame is a track record...
Classical liberalism and libertarianism are very difficult concepts to explain to post war generations to whom the government often seems a benevolent if grossly incompetent structure for delivering services to them and their families. Most of these services were...
I tried to explain the role of money in an earlier article, I now make an effort to explain what the ECB is up to. Of course that is no different to what any other central bank is up...
