Germany’s future

In this article in the New Statesman, Walter Münchau looks at the macro-economics and industrial policy of Germany and predicts its failure and notes the effect of ‘leaving behind’ the old East in particular in its politics with the rise of the AfD. The article is subtitled, “The country is in economic and political crisis…

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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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Stability & Growth Pact

I originally made this page in 2018, to collect my notes on the single market and the stability and growth pact. The pandemic blew the EU of course on this with most of the economies of the EU missing their macro economic goals; the Stability & Growth Pact commits its signatories to keeping to an annual…

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