Supply shocks have made the sectoral character of inflation impossible to ignore. But we still haven’t fully grappled with what that implies for monetary policy and how we manage inflation.
My new piece 👇: The Sectoral Anatomy of Inflation
Fun fact. My journey into economics began when I realised not a single mainstream economist could give me a straight answer to the question “how much govt debt is too much govt debt?”
They just don’t have a clue, and headlines like these are meaningless.
Am I reading this right? The minimum sentence for raping a human being is 5 years but the sentence proposed for vandalising an object made of stone and metal is 10 yrs?
“Whatever you’re going to raise from a wealth tax… it’s ultimately about reducing inequality”
Green party leader Zack Polanski says “we don’t need to tax the wealthy” to fund public investment as “we can do that anyway”
#BBCLauraKbbc.co.uk/programmes/m00…
The most refreshing thing about Zack Polanski is that, like them or not, he is being transparent about his political priorities, and not hiding them behind fiscal rules and feign concern for the “hard choices” that need to be made.
“Whatever you’re going to raise from a wealth tax… it’s ultimately about reducing inequality”
Green party leader Zack Polanski says “we don’t need to tax the wealthy” to fund public investment as “we can do that anyway”
#BBCLauraKbbc.co.uk/programmes/m00…
Finally, I’d advise lefty commentators that they don’t try to out-mainstream the mainstream. Don’t compete on debt hawkishness, you can’t win. All routes down that path lead to austerity.
I’ll never understand why the Left didn’t turn against the #EU after the Greek debt crisis. The fact most either turned a blind eye, or believed the #EU propaganda still confuses me. More so many do not understand the problem is instrinsic to EU structures.