Tag Archives: recession

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

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Young and poor hit hardest as UK cuts widen inequality, says OECD

Senior analyst says coalition has chosen policies likely to ‘fall on the back of the poor population groups’ The OECD has warned that Britain faces rising levels of inequality by pursuing austerity polices that are widening the gulf between rich and poor. In a … Continue reading

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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

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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

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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 –…

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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

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Poor have suffered bigger hit to incomes than rich, says Bank survey – Independent

The poor have seen their incomes squeezed more than the rich over the past year and households are reining in spending as they grapple with uncomfortably large debt burdens, a new survey commissioned by the Bank of England reveals today. The surve… Continue reading

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