Changes in government deposits and money supply
The US debt ceiling suspension, signed in February 2018, expires at the beginning of March this year. Some commentators are of the view…
Read MoreMarch, 2019
Capital Flows – is a reckoning nigh?
Borrowing in Euros continues to rise even as the rate of US borrowing slows The BIS has identified an Expansionary Lower Bound for…
Read MoreDon’t be so negative
“FED’S WILLIAMS SAYS IN A DOWNTURN WE COULD CONSIDER QUANTITATIVE EASING, NEGATIVE RATES.” Tweet by Reuters’ Jennifer Ablan, reporting on a speech by…
Read MoreImportance of model building in economics
In the natural sciences, a laboratory experiment can isolate various elements and their movements. There is no equivalent in the discipline of economics….
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“The Lessons of Economic History” in the European Parliament
Last month I organised the event “The Lessons of Economic History” in the European Parliament. It was kindly hosted by Professor Joachim Starbatty MEP,…
Read MoreTax cuts without reducing government outlays is not possible
According to many economic experts and commentators, an effective way to generate economic growth is through the lowering of taxes. The lowering of…
Read MoreFlying Pigs
Future of Artificial Intelligence in the European Parliament
Last month I organised the Future of Artificial Intelligence in the European Parliament. We had the IMF, United Nations, OECD and companies like Intel…
Read MoreChapter 5: Bubbles and Adam Smith.
This chapter explores how laws enabling debt to be bought and sold transformed Britain. Suddenly, vast quantities of money and value were being…
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