A Particularly Stupid Analysis Of UK Government Borrowing Costs From Richard Murphy
If only any one of the Tre Professori knew what they were talking about. For Richard Murphy, who does indeed hold three professorial positions...
A Tad Stalinist – John McDonnell Insists Ex-Lehman Staff Can’t Have An Anniversary Party
We've always known that John McDonnell has more than a touch of the authoritarian about him. But this is merging into a full blown...
Two Absurd Claims About Lending And The Great Crash
The Observer's business editorial really outdoes itself today with two fallacious claims about bank lending and recessions, crashes and even the Great Crash. It...
THE METROPOLITANS — Episode 9
A saga of everyday life in the Big L and a wry look at contemporary culture
By Tony Carden
Episode Nine
‘Well, frankly, it could’ve been better.’
‘Now,...
Sorry MMTers – Banks Do Not Create Money
There's a much easier manner of explaining why banks don't just create money. Which is to note that there are different types of money....
Blimey, Banks Close Branches In Poor Places, Not Rich Ones
The Guardian seems to have a certain difficulty in understanding what a bank is, what a bank is for, here. It's a mechanism by...
Now We Know, BaFin Were Deluded Idiots Not Crooks Over Wirecard
We can find out a lot about what people truly think by watching what they do rather than what they say. This is that...
Laurence Kotlikoff On What Really Produced The Recession And Crash – No, Not Bad...
It's not necessary to entirely agree with this analysis to grasp and agree with the underlying point being made. It was the structure of...
With Lookouts Like These…
Jeremy Warner of the Telegraph has a stark warning for us.
"If you are coming off an interest rate of just 0.1pc, the effect on...
Muddying the Waters
Here in our dismal pit, we perked up a bit as we read the following headline in the Grauniad:
Clarity on Burford Capital is needed...