HM Treasury says MMT is correct

It was almost a year ago that I originally wrote to my MP to ask him to enquire of the Chancellor ‘Where does money come from?’ I have, at last, received a reply (click to enlarge): It reads rather as though the writer, John Glen, Economic Secretary to the Treasury, has received intensive training from… Read more

Another referendum and the Condorcet Paradox

No, I’d never heard of the Condorcet Paradox either but as Justine Greening has come out for another referendum with three choices listed and to be voted on in order of preference it is perhaps something we should be more familiar with. Fortunately Jonathan Portes has a full explanation (though his article was actually written before… Read more

Retail own label plus

Following rather downbeat suggestions (including mine) on retail performance in the UK I fear that when the investigation by the French Autorité de la Concurrence, the equivalent of the UK Competition and Markets Authority,  is undertaken and when also  the FT reports (frequent paywall): “The investigation is not a big surprise — it seems like… Read more

The highest level of special

I was struck by the recent handholding – well three fingers (probably better than two) holding with Donald Trump. What on earth was the attachment to our dear leader’s arm? It is reminiscent of one of those anti-theft devices that supermarkets attach to their most expensive bottles of whisky. So I wondered who was so… Read more

Conservatives for Irish Unification

Boris Johnson, rather unwisely, I thought, included the expression the “end of the dream” in his resignation letter, (a resignation which, Caroline Lucas suggested, would enable him to spend more time with his photographer). So, amid all the bluster and buffoonery Boris Johnson has dreams? I suspect they were largely of becoming Prime Minister, but… Read more