Trump did a deal yesterday with Russia to supposedly release 3 million tonnes of diesel from Russia’s reserves over the next few months. I do
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Understanding Economics: What is inflation?
Inflation means that prices are rising, but knowing the inflation rate does not tell us why prices are going up. In this Understanding Economics video,
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When people become expendable
Andrew Bailey thinks financial markets rule. They don’t, but he did define the conflict to come.
Andrew Bailey, the Governor of the Bank of England, gave a speech yesterday about the state of the world’s financial markets and the threats that
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Why does the government feel bound to serve the bond market?
John Fairhall asked this question on the blog yesterday in response to my post on bond sales feeding off themselves (and I have edited it
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The triple lock we need on wealth
This question was asked by someone called Steve on this blog last night: How about a “triple lock” on wealth to help stop it’s current
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When will politicians turn to MMT?
When will modern monetary theory actually be put into practice? My answer is that politicians will adopt MMT when they desperately need an alternative to
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The fiscal headroom nonsense is being rolled out.
The FT said in an email this morning, linked to this article: The Iran war has blown a near-£12bn hole in Britain’s public finances, according
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