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When are large and persistent increases in debt to GDP justified?

 In this post I showed a chart of UK government debt to GDP since 1900.…

High on their own supply

 There was a point on the BBC’s Question Time last week where the Minister for…

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The Bernanke Review of Bank of England Forecasting

 My guess is that the world is divided into two groups of people: those who…

Could governments finance deficits by creating money?

 MMTers often say that financing government spending less taxes by issuing government debt is a…

The Anatomy and Reasons for UK relative Economic and Political decline over the last decade and a half

 Nothing works anymore, the country is in a mess, worker’s living standards have remained stagnant,…

Of Dollars And Data

Of Dollars And Data https://ofdollarsanddata.com Act Smarter. Live Richer. Tue, 02 Apr 2024 12:06:24 +0000…

Why Quantitative Easing is currently so costly

 Unwinding Quantitative Easing (QE) is currently costing the public a great deal of money. Nearly…

Why raising taxes substantially is critical for the next Labour government to be sure of achieving its missions

 My series of posts on detoxifying government debt was all about why Labour should not…

Detoxifying government debt, part 4. Labour’s inheritance

 The Labour party has for a long time been fearful about high government borrowing to…