This is without a doubt a brilliant piece of research. Unfortunately it is also extremely long. Do have a go at it. After five minutes of reading you will have the gist of it and can then decide if you wish to continue.
Wren-Lewis discusses Tam Bayoumi’s recent book “Unfinished Business” concerning the Great Financial Crisis: “What this analysis by Tam Bayoumi convincingly shows is that finance always has to be carefully regulated, and failures in regulation can […]
Richard Murphy explains that taxes do not finance govenment spending, but helps to pay down debts. A government creates it own funds or borrows money when it needs it. The idea that a government cannot […]