The economic consequences of Trump’s war
Funding the Future
The economic consequences of Trump’s war
Iran has ordered the closure of the Strait of Hormuz. This is the 30-mile gap between Iran and the United Arab Emirates, as shown on this map from ...
 Trump has tipped the world into a war situation, and the economic consequences could be very severe indeed. Expect inflation, recession and a stock market crash.
What modern monetary theory actually says and why it matters Forget the myths. In this video I set the record straight on MMT: what it is, how it works, and what it doesn’t claim to do. If you’ve ever wondered how modern monetary theory could change things, this is your explainer.
The US attacks on Iran breached international law
Funding the Future
The US attacks on Iran breached international law
It is worth noting these protocols this morning: One key clause addresses the issue of attacking nuclear sites, and says: Those looki...
 Under the Geneva Convention of 1949 as modified in 1977, an attack on a nuclear installation that is not a power plant is illegal during war, but that is what the USA just did.
It really is time to nationalise water
Funding the Future
It really is time to nationalise water
There are occasions when it is important to recall just why privatisation was supposed to have taken place in things like the UK water industry. ...
It is time to end the payment of most interest to commercial by the Bank of England
Funding the Future
It is time to end the payment of most interest to commercial banks by the Bank of England
I got this link from Steve Keen, whose Substack is worth subscribing to. Ted Cruz has claimed that the Federal Reserve should stop paying banks in...
Tax havens - or secrecy jurisdictions - are an abomination on the global economic landscape that should have been consigned to history long ago.
Reeves is delivering austerity for the UK, unless you're wealthy Rachel Reeves' Spending Review is a sham. She is claiming to deliver a lot, and she isn't, whilst failing to provide for children in poverty and simultaneously keeping the wealthy in the style to which they are accustomed.
Why can’t Labour get things right?
Funding the Future
Why can’t Labour get things right?
There was a great deal of discussion here yesterday about the government
 Labour's tax plans for recovering the Winter Fuel Allowance from 3.9 million pensioners are utterly incompetent when much better alternatives are available.
It’s complicated, and that’s the problem no one wants to face
Funding the Future
It’s complicated, and that’s the problem no one wants to face
A number of stories suggest a common thread this morning. Elon Musk has walked away from Trump and the US government, having very obviously fail...
 Government decision-making is hard. And no one wants to admit it, hence the mess we are in.
Trump wants to use tax as a weapon in international trade wars. That could backfire horribly for him.