EU-UK trade & co-operation agreement

The UK Govt. and EU Commission have agreed a treaty to govern the UK’s 3rd party relationship with the EU covering trade, some programmes, security and governance. I put my first thoughts on my blog, inspired by Tom Kiblasi’s instant reaction, but I needed to go further. Here are some links and notes. … Continue reading “EU-UK trade & co-operation agreement”

International Trade and MMT

I have now re-read Chapter 8 of Reclaiming the State and this is what I think they say on International Trade, I plan to simplify it further. I have tried not to insert the anti-arguments, but I am not sure that I agree that “Sudden Stops” can only happen to poor countries. Also if the MMT people are right, then while the fiscal surplus/deficit is not a constraint on macro-economic policy, I am still to be convinced that the balance of trade isn’t! Also MMTers argue that the World Bank/International Monetary Fund/WTO will need to be refactored with new goals based on facilitating trade & development and ensuring that Trade can be financed. If collective/political action is required to ensure that international trade works, why not the EU as the first port of call. Anyway, here’s my notes. … Continue reading “International Trade and MMT”