On Sunak’s Macroeconomics

While Rishi Sunak is busy defending borrowing based deficits in the Tory Leadership election, he gave a lecture earlier in the year, setting out his modern supply theory motivations. This is half bollocks, a quarter some interesting problem definitions, leading to some disappointing solutions. Here are my notes.

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Duesenbury’s ratchet theorem

I came across this a long time ago, while studying for my a-levels, so thank you Mr Sidemouth, but I have not heard much about him since. While considering the Tories attempts to reduce the penurious universal credit payments, and my own experiences as I move into retirement I am reminded of the ratchet. Here…

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Growth and Income

I was having another look at the macro-economics of the country. I was looking at growth (δY) and income distribution ( 1 -L(Y) ). I have built some growth charts but have run out time for the moment on income distribution, partly because the stats aren’t saying what I’d hoped. Perhaps ONS don’t measure this…

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About MMT

Some left economists have started to critique MMT, I have written a recent blog article but like the rabbit hole to Wonderland, there’s always more. Here are my notes.

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