Bank of England has announced the base interest rate will be cut by 0.25% to 5%. This will be a welcome relief for the thousands…
System renewal. Challenging established notions. Reimagining our societies.
System renewal. Challenging established notions. Reimagining our societies.
Tag: Debt
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In the first seven months of Fiscal Year (FY) 2024, net interest (payments minus income) on the federal debt reached $514 billion, exceeding spending on both…
“Rather than collecting taxes from the wealthy,” wrote the New York Times editorial board in a July 7 opinion piece, “the government is paying the…
I know, I know. It is supposed to be about too much money chasing too few goods – but, more fundamentally, what is it about?…
In ancient Mesopotamia, it was called a jubilee. When debts at interest grew too high to be repaid, the slate was wiped clean. Debts were…
For perfectly understandable reasons, public and media reactions to the surge in energy prices have concentrated almost exclusively on rises in the cost of domestic…
In last week’s budget, the Chancellor invoked orthodox financial thinking to argue that the national debt has to be reduced. Hence his logic for the…
On Monday January 11, we kick off our 2021 webinars with a discussion on whether a rise in taxes will be inevitable to pay off…
There is another side to the whole covid disaster that, perhaps for obvious reasons, nobody is talking about. Still, I have clearly begun to specialise…
The fiscal and monetary actions taken around the globe to tackle the COVID pandemic and protect the economy are eye-watering: equivalent according the IMF of…
The eponymous estate of Mansfield Park; the stately home of Jane Austen’s great novel, was paid for from the proceeds of a Caribbean slave plantation….