Last week Kwasi Kwarteng, the new UK Chancellor, announced a cut in taxes at the same time that the government was stepping in to subsidise rising energy costs for homes and businesses. The cost of […]
It’s clear, when energy becomes short in supply, free market forces can’t look after all of society. Just the wealthy. That’s why governments are having to step in, propping up an industry that is raking […]
It seems the whole approach to global trade is being redrawn. Donald Trump wanted to do less trade with China before the pandemic, and now with the Ukraine invasion the west wants to do less […]
It’s a question being asked more and more. How many of the things that we privatised should be brought back under state control, as energy companies record massive profits, yet those on low incomes are […]
On the Why Curve podcast last week, Phil (and Roger Hearing) spoke to Daniel Gros, Director of the Centre for European Policy Studies, who argued that the gas crisis in Europe will be largely resolved […]
Though the topic is heavy, it’s not a hard paper to read: it is an overview rather than an analytic or modeling paper. I highly recommend reading it. Though the topic is heavy, it’s not […]
We normally do not post series, but this one is definitely worth the exception. Steve Keen is a Distinguished Research Fellow, Institute for Strategy, Resilience & Security, UCL Cross-posted from Steve’s Blog The Volcker recession […]
We are currently following the policy of a failed programme to stop inflation. Inflation stopped, but the economy was trashed. Steve Keen is a Distinguished Research Fellow, Institute for Strategy, Resilience & Security, UCL Cross-posted […]
Lex is the master of the long form interview, and this three and a half hour conversation dived extremely deeply into my analysis of economics. It took me a while to appreciate that what Lex […]
Unfortunately, the 1970s experience changed economic theory for the worse, and that theory will guide how the Federal Reserve tries to tackle today’s inflation. It won’t end well Steve Keen is a Distinguished Research Fellow, […]
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