Never mind the quality of the Green New Deal just feel the width

The Green New Deal has another of their little reports out. Essentially saying the same as all of the previous ones. Print more money to spend on all that Caroline Lucas holds dear. But it really does have to be said that the level of economic knowledge that goes into these reports is not all […]

Adam Curtis and the shapeshifting lizards

It is no crime to be ignorant of economics, which is, after all, a specialized discipline and one that most people consider to be a ‘dismal science.’ But it is totally irresponsible to have a loud and vociferous opinion on economic subjects while remaining in this state of ignorance ~ Murray Rothbard Adam Curtis’s segment […]

If QE avoided a Depression it doesn’t matter if it increased inequality

I’ve just come from a fascinating event with The Spectator’s Fraser Nelson, on his recent Dispatches show, How the Rich Get Richer. In general the show was very good, and it’s extremely refreshing to see someone as thoughtful as Fraser get half an hour of prime time television to discuss poverty in Britain from a […]

QE cannot both boost asset prices and wreck pensions

Quantitative easing is complex and difficult to understand—economists aren’t even sure exactly if and how it works. It would be unreasonable to expect non-economists to fully grok its workings even if journalistic explanations were clear and overall true. Since economics journalist’s explanations have been largely lacking (including, I expect, my own, when I was an […]

What Robert Peston gets wrong about QE

I don’t usually read Robert Peston, now the BBC’s economics editor, but I came across this piece he wrote for their website on the end of the ongoing US quantitative easing (QE) programme. Here he makes the case, overall, that even though QE did not cause hyperinflation (yet!) it could still prove ‘toxic’ because it […]