Money for nothing is everything

There is an excellent summary in one easy blog on TRUK of Modern Monetary Theory* (MMT), which should more properly be called Modern Monetary Practice or the Modern Monetary System (MMS). As usual, below the article are the comments, many of which are highly critical, usually on the basis that if you are stupid enough… Read more

BoM June 2018

According to conventional wisdom, innovation is best left to the dynamic entrepreneurs of the private sector, and government should get out of the way. But what if all this was wrong? What if, from Silicon Valley to medical breakthroughs, the public sector has been the boldest and most valuable risk-taker of all? Mariana Mazzucato wrote… Read more

“The UK’s bargaining power, with A50 untriggered, would have been much greater.”

The title is a quote from a recent Simon Wren Lewis blog on the disastrous Brexit performance of our current, so called government. I’ve always maintained that Theresa May is easily the worst Prime Minister since the Second World War. I’m, in an odd way, reassured that Simon Wren Lewis has written an excoriating article… Read more

Windrush convictions

It appears that our new home secretary, Sajid Javid, has yet to get to grips with his new position. He was on yesterday’s Andrew Marr programme suggesting that 32 of those ‘Windrush’ arrivals found by the government to have been wrongly deported were in fact “serious offenders”, so would not be entitled to compensation. Apart… Read more

Are we the Moneytreeists?

Having recently attended an exhibition on suffragettes I was struck by the fact that the name which we all now recognise was, it transpires, coined by none other than the ‘Daily Mail’ as a derogatory term for the suffragists. That set me thinking on what we could call those who understand money is a social… Read more

Potholes, neglect and the wanton vandalism of local infrastructure

No one who uses any form of road transport can have missed the appalling condition of roads in England. But here I need to add an immediate qualifier: I’m talking specifically about urban, suburban and rural roads that fall under the responsibility of local highway authorities (i.e. local councils). I’m not talking about the motorways… Read more