It is hard to avoid the conclusion that taxation and regulation will be required to limit some part of the energy-intensive consumption of those on higher incomes in rich countries, particularly consumption which can be […]
As governments struggle to reimpose austerity we shall be confronted with some noteworthy intellectual contortions, as here in Britain Jo Michell is associate professor in economics. Bristol Business School, UWE Cross-posted from Critical Macro Finance […]
Boris Johnson is framing the Covid-19 debate as ‘health vs. the economy’ – but his government’s approach to this crisis has helped neither, and nor will recklessness in easing the lockdown. Read here
A decade of austerity shredded public services and left millions of workers on the brink. It would be hard to imagine a policy more destructive to our capacity to respond to the coronavirus crisis. Read […]
This is a good, simple explanation of how banks create money – immensly more than the government.
Jo Michell is a Senior Lecturer in Economics at the University of the West of England, Bristol Cross-posted from Critical Macro Finance For some time now I’ve been arguing that not only does austerity have real effects but also financial implications. […]