mainly macro
Comment on macroeconomic issues
Tuesday, 6 January 2026
What kind of crisis would a bursting AI bubble become?
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In this post I’m not going to speculate about whether the current boom in AI infrastructure (mainly data centres, mainly in the US) is a b...
Tuesday, 16 December 2025
Understanding the rise of the populist far right
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This is a follow-up to last week’s post. Occasionally I receive comments on social media that point me to academic analysis that I wasn’t ...
Tuesday, 9 December 2025
Labour, a supply side explanation for the rise of populism, and the growing acceptability of xenophobic discourse in the UK
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I never cease to be amazed at how bad Labour politicians are at politics. It may seem arrogant for an economist to say that, but it’s not ...
Tuesday, 2 December 2025
The Budget suggests the Chancellor is thinking too much about short term management and too little about long term legacy
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My posts come out on a Tuesday and Budgets are on a Wednesday. Not great timing, which is why in the past I’ve often done special posts on...
Tuesday, 25 November 2025
Expertise, Government, the Media and Covid
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It is now generally (although not universally) accepted that those of us who campaigned vigorously against the government’s auster...
Tuesday, 18 November 2025
Blue Labour’s Electoral Fallacies
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The government’s latest proposed revamp of asylum laws reminds us that Labour have not abandoned their approach of using right wing popul...
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