Economist, Visiting Professor, Lecturer, Writer, Public Speaker.
UK government debt is running at £400 billion a year or 20% of GDP. Money supply growth is rising by nearly 14% per annum and the ratio of outstanding debt GDP – 85% of the economy just last year – is set to be around 108% of GDP in the 2020/2021 financial year. Surely that’s …
Continue reading “Why price inflation will remain low even with record debt”
The forthcoming US election is a momentous one. Many in the US argue that it is the most important US election in living memory for several reasons. Others abroad agree because who becomes President has enormous potential consequences not just for the US, but for the rest of the world. From an economic perspective, the …
Since the appearance of COVID-19, there has been a massive decline in global trade. World Trade Organisation figures suggest that it could fall be about a third this year. But some context is required here. The reduction is taking place mainly due to the voluntary shutdown of the global economy to fight the Coronavirus. This …
Continue reading “Globalisation is not the cause of the pandemic”