Tuesday, 3 October 2023

Braverman is a feature not a bug of Conservative electoral strategy this century

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  Much has been written about how the dividing lines of UK politics have changed from being class based to age based . As John Curtice put i...
Tuesday, 26 September 2023

Challenges to the strong golden rule: MMT and bond market paranoia

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  The idea that responsible fiscal policy involves matching plans for future taxes to projected day to day government spending, often called...
Tuesday, 19 September 2023

Democracy on a knife edge in the United States

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  Asking if US democracy as we know it will survive either seems very depressing or rather melodramatic. However it is actually quite hard t...
Tuesday, 12 September 2023

The next time someone says the government cannot borrow to invest, just mention RAAC

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  Kids not being able to go to their normal school because those schools are crumbling away is as good an example as any of the impact of 13...
Tuesday, 5 September 2023

It’s the economy, but is it good?

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  As Robert Saunders recently reminded us, “the economy” is a relatively recent concept. It emerged, I suspect, shortly after Keynes had ef...
Tuesday, 29 August 2023

Attitudes towards redistribution

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  This book by Charlotte Cavaill é  is forthcoming, so this post is based on this excellent podcast , which is well worth an hour or so of ...
Tuesday, 22 August 2023

Wage inflation, unemployment and what you wish to believe

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  Two weeks ago I described how the UK’s inflation problem has now become about labour market strength and private sector wage inflation. E...