When I met with John McDonnell on October 11, 2018 at his Embankment office block in London he was then the Shadow Chancellor. The theme of the meeting was dominated by the concerns (near hysteria) about the power of the City of London (the financial markets), expressed by his advisor, a younger Labour Party apparatchik…
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I haven’t much time free today and with the federal government’s fiscal statement coming out tomorrow night and wage data and the labour force data coming out Wednesday and Thursday, respectively, it is going to be a full week. Given I am using all my time to finish the manuscript for my next book which…
In the last week, as the Federal government comes towards next Tuesday’s annual fiscal statement (aka ‘The Budget’ although we don’t use that terminology around here, do we?) and the State Government’s are progressively delivering their own Budget Statements (they being financially constrained) we have witnessed the absurdity of the system of public finances that…
It’s Wednesday and today I consider the current yen situation which is causing some hysteria in the financial media even though there is not much to worry about. I also provide access to my latest podcast with the Washington-based Bad Faith, which traverses issues of class, the demise of the Left, Modern Monetary Theory (MMT)…
It is a public holiday in Australia today for some reason and I had to do a lot of travelling back and forth to airports etc. So my blog will reappear on Wednesday as usual. I will soon announce something that I think will be of interest to the regular readers.
Its that time of the year … I have a long flight today with a long drive from where I have been working this week to get to the airport and at the end of the various journeys will be a birthday cake (cue LC). The travel is to get me to where the cake…
I have been travelling a lot in the last two days and my blog will return to posts on Wednesday.
My blog will return to posts on Monday. In the meantime, I will be speaking at various functions in London on Friday and Saturday.
It’s Wednesday and I am bound for London later today. We will see how that turns out having not travelled there since the beginning of the pandemic. I will take plenty of precautions to avoid Covid. But it will be good to catch up with friends in between several engagements, including my teaching responsibilities at…
Welcome to 2024. This marks the 20th year that my blog has been operating although there were a few years early on when I was experimenting with the technology etc and nothing much emerged. In continuous terms, the blog has been going for 15 uninterrupted years this year. Over that time, it has evolved from…