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...
Having had a sneak preview of consulting barrister Benjamin Wrench's paper on the concept of risk reward, a concept that built the City of London into the world's most important centre for financial services it might be amusing to...
We hear of the proposed £60 billion pay off to the EU.  It grows everyday.  The extraordinary aspect of this whole sorry affair is the complete lack of professionalism in these negotiations. Possibly no surprise as the participants are all...
For overseas readers rates are what we Brits call property tax. It goes to local government which dwells in the marble halls of our kingdom. If you find yourself in a north of England depressed town & spot a new...
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...
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The Fiscal Gap

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...
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...
Well - the response to my interest in bitcoin over the past week has been nothing short of amazing. I was totally surprised at the passion and interaction I was getting for simply saying I plan to buy some...
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...
It has been a source of constant amazement to me after 35 years in the City and ten in politics how few people understand money , I do not mean the scatter brained amongst us who squander it on...

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