EVERYTHING YOU EVER WANTED TO KNOW ABOUT HOW OUR MONEY SYSTEM WORKS BUT WERE AFRAID TO ASK

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EVERYTHING YOU EVER WANTED TO KNOW ABOUT HOW OUR MONEY SYSTEM WORKS BUT WERE AFRAID TO ASK by Prue Plumridge At a time of great political and economic uncertainty you may be scratching your head and asking what on earth … Continue reading

The riddle of the deficit (or deficits for Dummies)

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Riddle: When is a ‘deficit’ not actually a deficit? Answer: When it’s a Government budget deficit.    Dear [insert name of virtually any Journalist or Politician] It seems that you’re still having a bit if a struggle to understand what … Continue reading

Austerity is a Political Choice not Economic Necessity

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zaBy Prue Plumridge Last week Matthew Lyn (a columnist for Bloomberg) wrote in an article published in Money Week that, “the policies on offer under Corbynomics would quickly ruin the economy”. This was followed shortly afterwards with another written by no less … Continue reading

Ed Miliband wants a new economic paradigm – this graph does just that.

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Liberal Conspiracy report ahead of Ed Miliband’s ‘major’ speech on the economy: ‘The Labour leadership is clear about a few things: The last Labour government mistakenly bought into Thatcher’s neo-liberal framework for the economy, and they need to find a … Continue reading

Essentials for Opponents of Austerity

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Must Reads for Opponents of Austerity  by alittleecon also published here  Economics can seem a bit impenetrable to the lay person. Partly, it seems to me, this is deliberate on the part of economists to complicate the field – baffle with bullshit you might say. … Continue reading

WHY MORE ‘AUSTERITY’ IS ON THE WAY

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First posted Thursday, 30 August 2012 by Socialist Economic Bulletin Why More ‘Austerity’ Is On the Way By Michael Burke The latest monthly public borrowing data, which show a large deficit in government finances, have widely been hailed as a ‘surprise’. However, SEB has … Continue reading