Central banks need to be patient and make sure its messaging stays on track – supply disruptions, war, transitory. Read Here Photo: Federalreserve
Many commentators keep falling into the trap of saying that history is repeating itself – meaning that it is the 1970s over again. I maintain my position that this is not akin to what was […]
Poverty is a lack of income and for most people of working age that is due to a lack of work. The introduction of a Job Guarantee which provides a socially-inclusive wage (above the poverty […]
This is a much debated question and there is little empirical evidence, as made possible due to the unusual circumstances. Read Here Photo: flickr licensed under the Creative Commons Attribution 2.0 Generic
I would cut wages in banking and the other FIRE occupations – quite significantly. Read Here
The cost of living problem requires patience – we need to wait out the supply chain impediments. The fiscal support needs to be maintained to ensure we don’t kill the real side of the economy […]
It is hard to imagine that so little progress has been made in dismantling the mainstream macroeconomics paradigm over the last decade within the institutions of government. We have had the GFC, and now, the […]
All central banks that issue a sovereign currency: They can never go broke and could operate without problems with permanent negative equity. They are not profit-seeking companies owned by shareholders. They are part of the […]
Policy makers should ignore the noise from the financial markets and decline to ratify their gambling. They should be patient and let the supply side constraints ease as the pandemic eases. Their attention should be […]
“I am maintaining my view that the current inflationary spikes are being driven by the total abnormal circumstances the world has found itself in as a result of the pandemic.” Read Here
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