Isn’t there also too much – by definition – too much saving? Which exactly is desirable – or indeed not? I think the government should tell us…… Read more
Category:
Politics
Your banker has it…
David Graeber has been having a few words on the economy with Al Jazeera and expanding on his previous ideas. I agree with his view that the ‘Economy’ is a really recent invention (in large measure it was John Stewart Mill, who at least actually called it the ‘Political Economy‘). After all he says, Shakespeare… Read more
Sustainable Government Finance is not a cult
In a recent post on the Tax Research blog I quoted Richard Murphy’s* own words because he seemed to be rather distressed that progressive economists didn’t seem to support Modern Monetary Theory (MMT) calling it a cult! Perhaps it is time to notice that ProgressivePulse readers have better christened it ‘Sustainable Government Finance’ (SGF). “And… Read more
The moral science of Economics
I am sometimes on twitter – usually as a viewer rather than contributor – mainly because a year or two after I arrived on it I found myself with access to someone else’s account and tweeting as them as well… I found twitter schizophrenia was not good for the soul and withdrew for another year… Read more
Competent government
This is an interesting 90 seconds from the New Zealand district of Canterbury: It shows that British government has done everything in almost exactly the opposite way to New Zealand. The UK had 64,000 more deaths than usual to May 29, the highest excess death rate in the world. Yet the business secretary has apparently… Read more
If money is created out of thin air perhaps ‘Silence is Compliance’?
“The only disease right now is the racism that we are fighting.” said England football player Raheem Sterling. He suggests that protesters who took to the streets after the killing of George Floyd are trying to find a solution to injustice. That’s eminently reasonable. But when are we going to get aboard the injustice of… Read more
A Pritti Dire Home Secretary
Below is the oath of an English or Welsh Police Constable. It indicates discretion and that keeping the peace comes first – as do people before property: I, … of … do solemnly and sincerely declare and affirm that I will well and truly serve the Queen in the office of constable, with fairness, integrity,… Read more
‘Subverted by thuggery’ or are we living in revolutionary times?
How Johnson can realistically hold that chucking a statue of Edward Colston into the water is thuggery I really do not know – and he was, after all, supposed to know a bit about thuggery himself. If he’d pointed out that the South West England especially, had for centuries, been subject to kidnapping and slavery… Read more
Will Dim and Dom manage to pull it off?
There is a worrying piece in this week’s ‘Grocer’ confirming what many suspected – that Brexit was never ‘oven-ready’ and least of all for food: Failure to reach a Brexit deal with Europe will lead to much worse food shortages than the coronavirus panic buying crisis: this was the stark warning made to MPs today… Read more
Attitude changing by issuing a Central Bank Digital Currency
The Bank of England issued a report in March, on Central Bank Digital Currency (CBDC) which would “allow households and businesses to directly make electronic payments using money issued by the Bank of England”. I must admit I pretty much ignored this idea as I thought that it was a bit of a flight of… Read more