Progressive Economy Forum Coordinator, prof emeritus SOAS, Univ London, author of Economics of the 1% (Anthem) & The Debt Delusion (Polity November 2019)

London UK
Joined July 2014
Fascism in rise in Polland not populism
Jeremy Corbyn was right to give the EU 7/10, and probably should have gone lower.
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Deficit of this size won't coincide with high interest rates because the deficit is supporting collapsed demand & counteracting mass unemployment. Inflation won't surge while these deficits are necessary. People need to remember interest rate is set in response to inflation.
The problem with reports like the OBR's is this insistence that "borrowing costs are low now but careful because that could change!". I mean, the Bank of England sets government borrowing costs wherever it likes.
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At last the correct decision
Face masks/coverings to be compulsory in England's shops. At the height of the pandemic, there was no need for masks but now it is. Govt just ticking a box. Face mask prices have rocketed overnight as some suppliers are profiteering. bbc.co.uk/news/uk-politics-5…
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Read my SE article on the white supremist context of the Hamiltonian moment
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“The Energy Charter Treaty, with 53 signatories, allows energy companies to sue states that make their business unprofitable.” The Obscure Treaty That Could Kill a Global Green Recovery newrepublic.com/article/1583…
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One must e careful citing a brutal dictatorship as a positive example
Wuhan, China, successfully locked down, reopened. With new infections, locked down again, tested all 11 million residents in 2 weeks. Since May, not a single new case. What can be done vs what US does. bit.ly/3et3epY
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Absurd. Worst than invasion of Suez? Trident that UK does not control? AntiBrexit gone off the rails
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Excellent paper by Toporowski showing how govt bonds can be used to regulate financial markets. Bond sales to BoE miss that opportunity
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Calling people names wins no arguments
Jeremy Corbyn isn't our manager, dipshit.
So called market failures are the normal working of capitalism. Economics is study of efficiency requires assumption of full employment
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You mean outrageous not obscene
it's obscene that the people who've done more than anyone to create this sort of political climate are the ones now wailing loudest about 'cancel culture' xitter.cf/breadandposes/status/1…
IFS unreliable on its claimed expertise as I showed in Opendemocracy several months ago. It consistently repeats balanced budget dogmas .@geofftily @PEF_online
I'd like to discuss how we might break the @TheIFS stranglehold on public debate. I think it seriously dangerous, and do not want to be complicit. While I do make efforts to refute their wrong macroeconomics & bad advice, I haven't made enough effort to counter their dominance.
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Orwell is usually cited to criticism progressives & rarely to attach the right
The cry of "I am being silenced!", from yet another national newspaper column, for holding views which most of the British press loudly champions, is becoming deafening.
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It is a version of the fallacy of composition
Day two trying to come to terms with who said this: "Almost any interesting economic problem has the following characteristic: what is true for the individual is the opposite of what is true for everybody together" cc @angusarmstrong8
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