The Bank of England’s failure to respond effectively to the worst inflation in four decades underscores the need to abandon the outdated notion that fiscal and monetary policy can be kept separate. If governments are to be held responsible for investment and employment, they should also control interest rates.
Climate Crisis
Reuters: Key takeaways from the IPCC report on climate impacts and adaptation
IPCC reports are becoming a parody of themselves: unpolitical, always still hope when we meet 1.5 degree warming (that is dead as a doornail). Fact is, little is happening – if anything – to stop […]
Economics
Chris Dillow: OUTSOURCING: A TRANSACTIONS COST APPROACH
Leave the dogma behind, and the numbers tell a different story about privatisation: It is not cheaper, better, or more efficient. Read here
Economics
Frances Coppola: The Sorry State Of We
The We Company has now formally withdrawn the S-1 registration for the IPO it suspended two weeks ago. The proposed equity fundraising of about $3.5bn had been widely expected to fail after being universally panned […]
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