mainly macro
Comment on macroeconomic issues
Tuesday, 11 March 2025
The moves to weaken Germany’s debt brake are welcome, but ultimately higher defense spending should be matched by higher taxes. Public spending cuts will promote right wing populists.
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To say I have never been a fan of the way Germany views government debt is an understatement. Here I asked whether Germany’s debt brake m...
Tuesday, 4 March 2025
Current UK stagnation may have many causes, but one we know about is the UK media. Plus why the UK definition of a recession is no longer fit for purpose.
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In the UK the definition of recession used by most people is two successive quarters of falling GDP. This definition always involved a kn...
Wednesday, 26 February 2025
A New World Order
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I don’t write about international power politics because normally I just don’t know enough about the countries and actors involved, even t...
Tuesday, 18 February 2025
Is Trump a Populist or a Fascist?
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Answering questions of this type inevitably involves a discussion of definitions, in this case about what populism and fascism actually me...
Tuesday, 11 February 2025
Quantifying the continuing UK public spending squeeze
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In her October budget the Chancellor raised total government spending by 1.8% of GDP compared to the plans of her predecessors, which mean...
Tuesday, 4 February 2025
A government of small change
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Since the end of the 1970s, when a new party has taken power in the UK they have started with a reasonably loud bang. Thatcher brought mon...
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