Blog Five ways the next government can build a strong economy for all Whoever forms the next government, they cannot be afraid to invest – otherwise our economy will never improve By Lydia Prieg, Tom Pollard, Chaitanya Kumar, Hollie Wright, Benedikt Stranak, Emmet Kiberd...

Why economics is such an impossible science In a word, Economics is an Impossible Science because by its own definition the determining conditions of the economy are not economic: they are “exogenous.” Supposedly a science of things, it is by definition without substance, being rather a mode of behavior: the application of scarce means to alternative ends so as to achieve the greatest possible satisfaction—neither means, ends, nor satisfaction substantially...

Second-quarter shaping up to be the same or worse. 

I invited Stephanie Kelton to speak at our Man Alternative Investment Symposium in Oxford in 2021. Kelton was Bernie Sanders’s economic advisor and a leading proponent of Modern Monetary Theory (MMT), a neo-Keynesian movement that asserts that there ought to be no theoretical limit to a country’s ability to borrow, providing that it is in control of its own currency. Kelton and Sanders were near-perfect exemplars of the kind of “fiscal irresponsibility” (as their opponents would see it) that...

After all these years of trying, the insights provided by Modern Monetary Theory (MMT) still haven’t cut through. One doesn’t even need to accept the complete box of MMT knowledge to know that, at least, some of it must be factual. For example, how much brainpower does a person need to realise that a government that issues its own currency surely doesn’t need to call on the users of that currency in order to spend that currency? Even if we could get that simple truth to be more widely...

 – by New Deal democrat Initial jobless claims rose 3,000 last week to 219,000. More importantly, the 4 week moving average rose another 2,500 to 222,500, the highest level in 9 months. With the usual one week lag, continuing claims rose 4,000 to 1.791 million: On the one hand, it does appear that claims have been in a small uptrend for the last four weeks. But on the other hand, recall that there was a similar increase last May into summer,...

And today, Donald Trump is pandering and peddling lies and stereotypes for your votes so he can win for himself, not for you.” No truer words can be spoken. Prof. Heather has an excellent take and explanation of the current situation. Reality verses the lies of trump. May 29, 2024 by Heather Cox Richardson Letters from an American President Joe Biden and Vice President Kamala Harris campaigned today in Philadelphia, Pennsylvania. They...

Ο Σταύρος Μαυρουδέας, καθηγητής Πολιτικής Οικονομίας στο τμήμα Κοινωνικής Πολιτικής του...

I believe the decision has already be made. The US is in for both issues be it the Southern Border or Ukraine.. This is something I played with in February 2024. It was long then and it is not shorter today. I did add two graphs which help make my point. The US and Mexican borders are not open. And with the aid of Mexico, the border crossing have become more difficult. Keep in mind one other factor. The Fertility Rate is about 1.62. To...

Stocks got ahead of themselves recently, and are now starting to reflect the slowdown and economic growth.