The U.S. national debt just passed $36 trillion, only four months after it passed $35 trillion and up $2 trillion for the year. Third quarter data is…
The U.S. national debt just passed $36 trillion, only four months after it passed $35 trillion and up $2 trillion for the year. Third quarter data is…
Over the past three years, bank lending to productive industries — what we might call the “real economy”— has consistently declined, with 2023 seeing a…
We face a very uncertain future in UK unless we adopt radically new ideas. Yet we have a government without inspiration, which repeats the same…
So inflation fell again to 3.2 per cent as expected in March. Good news. We are now therefore closer to the 2 per cent target and…
‘How financialisation heralds the end of the industrial age‘ is the name of a piece published by The Honest Sorcerer: A critic of Modern Times…
For some tie, I have been arguing that inflation is driven by inequality. So I was fascinated to see the report that ‘Salary hikes are…
Too much money chasing too few goods – that is the classic explanation for inflation. But for some reason we tend always to worry about…
Once again, the media are scaring homeowners with the prospect of falling house prices this spring. I was expecting house prices to fall similarly back…
When the dust has settled on the current angst, after inflation comes back down and economies re-emerge from their funk, the post-mortems will ask: how…
When we designed our house 25 years ago, we explained to our architect that we wanted eight double power sockets in the kitchen. Which turned…
Most of us believe that the present recession will end. They always have done in the past. It will be a longer-than-usual process. Which means…
In a recent New York Times column, Paul Krugman argues that the core elements of inflation are not only groceries and gasoline, but also housing. Indeed,…