I do not like the direction in which our society is travelling. From a joint statement by several Christian churches, published in the Methodist Times in October: In March this year, the Churches ...

To my mind there are these sensible (i.e. non populist, non ideological) arguments against fiscal solutions: (1) If the stagnation is not primarily due to financial issues (e.g. demographic stagnation ...

The Paris Climate Agreement, which was ratified by 174 countries and the European Union in 2016, aims to keep global warming “well below” 2 degrees Celsius this century and ideally not more than 1.5 ...

Friday was quite a day. The crypto lender BlockFi provisionally agreed a bailout deal with FTX.The hedge fund Three Arrows Capital (3AC), already in compulsory liquidation in its home territory the ...

In the event of a run on Tether, exchanges would be likely to suspend trading in USDT/USD. However, one exchange might find this difficult: Kraken has just acquired a banking licence (of sorts) and ...

Contrary to Bankrupt-u-Bernanke’s claim that: “Money is fungible”…“One dollar is like any other”, pg. 357 in "The Courage to Act", the utilization of savings is a catalyst, it is not a matching of ...

Last week saw two high-profile corporate failures in the UK. Toys R Us finally went into administration after a stay of execution over Christmas. And private equity firm Rutland Partners pulled the ...

Ever since the secured overnight repo rate (SOFR) spiked to 10% in September, there have been dire warnings that these exceptional movements show the financial system is fundamentally broken. The ...

In a broad-ranging discussion the other day about the path of political and economic policy over the last decade, I found myself returning again and again to events in 2014. Events that were ...

It's Saturday afternoon, and I have just returned from singing Evensong at Rochester Cathedral. The first reading was the dreadful story of Laban's deceitful behaviour towards Jacob. Laban made Jacob ...

The world is saving like crazy. Corporations are building up cash mountains that they can’t or won’t invest in expanding their businesses. Individuals are building up pensions and precautionary ...

In my last post, I debunked the myth of the "reserve pool" of British workers.In this post, I discuss three more labour force myths that refuse to die: . the myth of the "tide of unskilled immigration ...