Tag Archives: economics
Labor’s Falling Share, Everywhere
When I was getting my feet wet in economics back in the late 1970s and early 1980s, it was conventional wisdom that the share of national income going to labor fluctuated a bit from year to year, but didn’t display … Continue reading
“The UK Is Putting Young People Into Indentured Servitude”
Albert Edwards, the famously bearish strategist at Societe Generale, has a new note that goes to town on U.K. chancellor George Osborne, who, as part of his budget plan unveiled in March, proposed that the U.K. get more involved in … Continue reading
Watch out, George Osborne: Smith, Marx and even the IMF are after you
When even the IMF’s free market ideologues recoil from the UK chancellor’s austerity politics, democracy itself is at stake George Osborne and his Treasury officials are gearing up for a fight. They’ve promised to make life difficult for the other … Continue reading
The Layman’s Case Against Austerity
By Stephanie Kelton. Cross posted from New Economic Perspectives Steve Kraske of The Kansas City Star recently interviewed me for a piece about austerity. The story ran in today’s paper. It doesn’t provide much depth (unlike bloggers, journalists have strict space constraints!), so … Continue reading
From the BBC: how not to eat healthily for £1 a day
Originally posted on Aethelread the Unread:
The BBC have published an article by one Brian Milligan, which purports to show that it is possible to eat a healthy, varied diet for less than £1 a day. The article is –…
UK public finances show January surplus
The UK’s public finances recorded a surplus of £11.4bn in January, £5bn higher than in the same month last year, according to figures from the Office for National Statistics (ONS). January often records a surplus thanks to an influx of … Continue reading
A million working adults face benefits cuts next year
Nearly 1.2 million people may be sanctioned if they do not obtain extra work, increase their hours or find a higher paying job Nearly 1.2 million working adults will for the first time next year face losing some of their benefits if they do not co… Continue reading
Mitt Romney and the myth of self-created millionaires – George Monbiot
The parasitical ultra-rich often deny the role of others in the acquisition of their wealth ??? and even seek to punish them for it We could call it Romnesia: the ability of the very rich to forget the context in which they made their money. To forg… Continue reading
Bank’s stimulus plan ‘has lined pockets of the rich’ – Independent
The Bank of England’s money-printing programme, intended to revive economic growth, has delivered a massive boost to the wealth of the most prosperous 10 per cent of households in Britain while delivering relatively scant returns for the poorest, … Continue reading
Consumer borrowing jumps to ??732m in May
Unsecured debts have almost doubled, according to the Bank of England, raising concerns that households are borrowing to fund everyday spending The amount of unsecured credit taken on by consumers leapt to ?732m in May, driven by a sharp rise in b… Continue reading
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