Recent Posts on Modern Money Theory
Posts from Richard Murphy at Tax Research UK
- Stabilty is not change. It’s acceptance of a failing status quoon 20 May 2024 by Richard Murphy
I have reviewed this morning’s news with concern. Everything about it suggests a good reason for that, even if I ignore the international instability that Read the full article...
- The 5 million companies in the UK require a company law enforcement agencyon 20 May 2024 by Richard Murphy
I posted this YouTube video this morning. In it, I argue that there are five million or more companies in the UK. That's one for Read the full article...
- The cost of compensating victims of the contaminated blood scandal needn’t require cuts in government spendingon 20 May 2024 by Richard Murphy
I posted this very short thread to Twitter last night: This story is going to be everywhere in the news over the next couple of Read the full article...
- A slight northerly breezeon 19 May 2024 by Richard Murphy
It was a glorious morning, with a slight northerly breeze keeping the heat off at first. These were blowing exactly on a north-south axis: The Read the full article...
- Rarely has a man so unsuited to be Secretary of State for Health so desperately wanted that job, with the unfortunate likelihood that he’ll get iton 19 May 2024 by Richard Murphy
I just posted this on Twitter:
Posts from Bill Mitchell – Modern Monetary Theory
- Tracing the British Labour Party’s fears of The City – Part 1on 20 May 2024 by bill
When I met with John McDonnell on October 11, 2018 at his Embankment office block in London he was then the Shadow Chancellor. The theme of the meeting was dominated by the concerns (near hysteria) about the power of the City of London (the financial markets), expressed by his advisor, a younger Labour Party apparatchik…
- Australian labour market – mixed signals but probably still in a weakening phaseon 16 May 2024 by bill
Last month’s Labour Force data release for April 2024, revealed that the Australian labour market was starting to weaken in the face of the fiscal squeeze (the government announced a second successive annual fiscal surplus on Tuesday) and the 11 interest rate hikes since May 2022. Today (May 16, 2024), the Australian Bureau of Statistics…
- Real wage cuts continue in Australia as profit share riseson 15 May 2024 by bill
The Annual Fiscal Statement for Australia (aka ‘The Budget’) came out last night and ordinarily I would analyse it today. But I am travelling a lot today and also the wage data came out today, so I plan to leave the fiscal policy commentary until next week when I have more time to think about…
- Degrowth will require humans shovel less energy … into our bodieson 13 May 2024 by bill
I haven’t much time free today and with the federal government’s fiscal statement coming out tomorrow night and wage data and the labour force data coming out Wednesday and Thursday, respectively, it is going to be a full week. Given I am using all my time to finish the manuscript for my next book which…
- The fiscal lunancy reaches peak levels this time of yearon 9 May 2024 by bill
In the last week, as the Federal government comes towards next Tuesday’s annual fiscal statement (aka ‘The Budget’ although we don’t use that terminology around here, do we?) and the State Government’s are progressively delivering their own Budget Statements (they being financially constrained) we have witnessed the absurdity of the system of public finances that…
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