Youth is the future…

Below is an impressive chart on the life expectancy of those who voted leave or remain and thus highlighting those who will actually incur the the Brexit costs or benefits. Since even Rees-Mogg thinks there may be a period of disruption for 20 years or so. (He shows a remarkable lack of both empathy and… Read more

A recipe for reviving European growth …

In a recent FT article (intermittent paywall), that Luigi Di Maio, Italy’s Five Star party, deputy prime minister, states that, Rome’s controversial spending plans will become “a recipe” for reviving European growth and that the continent is ready to abandon austerity and embrace the deficit-busting approach of US president Donald Trump. Current US growth at… Read more

Localism and control

There is an interesting ‘New Statesman’ article on the renewed, relative, prosperity of  Preston, where, as county town of Lancashire, localisation of expenditure has been a great success. When you think about the success it should not be surprising for it stands to reason that every time you make a purchase at Sainsbury’s the profit… Read more

Positive Money and MMT (continued)

I have been reading Positive Money (PoMo)’s most recent comments on Modern Monetary Theory (MMT), whose latest New York conference they attended. I’m worried that they appear to have returned from that conference with a rather confused set of views. They suggest that: “There is a significant difference between money issued as debt by commercial banks,… Read more