Modern Monetary Theory (MMT)’s flaw for balance of payment deficit nations

Many, if not most, would agree that we have been poorly served by Conservative austerity policies, not just because it engenders economic contraction, but also, even more importantly, because it concentrates on judging the economy using the wrong measure. It is obvious that for sovereign currencies where the government creates its own money government deficits… Read more

Paying the political piper

This is from the latest ‘Sunday Times’ and shows the Top 50 political donations from individuals and private companies in 2017. It reveals that the Conservative Party receives the overwhelming majority of donations – both financially and in numbers – with 47 large donors, or 48 if you count when it was shared with UKIP,… Read more

British government to host summit on why other countries should join the EU

I am grateful to the ‘Independent’ for this piece of toe curling news. “London will in July play host to Western Balkans governments including Serbia and Albania, as well as existing EU member states, to discuss reforms to pave the way to future EU enlargement.” Apparently the Foreign Office said “We remain of the view… Read more