Quite Remarkable How Badly Modern Monetary Theory Describes The Economy

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There is a new initiative to bring the joys of Modern Monetary Theory to the UK. The Gower Initiative. In the interests of journalistic...

US Unemployment Rate Falls To 49 Year Low

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This is a pretty good result - the United States unemployment rate is now at a 49 year low. It's also a reflection of...

The Price Of Dog Skins In N Korea – Or PPP Exchange Rates

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North Korea has a slightly odd method of asking that citizens contribute to the welfare of the State. Contribute there being used in its...

US Economy Adds 230,000 Jobs – Trump’s Tax Cuts Take Effect

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The United States economy has added 230,000 jobs in September in the private sector, well above consensus estimates. It probably is right to say...

And The Bourgeoisie Shall Inherit The Earth – Half Of Humans Now Middle Class

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This is the one great achievement of the last half century. It is entirely and absolutely astonishing, we've just seen the biggest reduction in...

The Bank Of England Announces That Public Sector Pay Just Rose

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The Bank of England – more accurately, someone from it, Gertjan Vlieghe – has good news for public sector employees. Their compensation for turning...