Author Archives: bill

Household debt in Britain on the rise – lessons not learned

Economic debate in Britain in the last year or so has been dominated by the Brexit issue. Both sides of the debate have swamped the public with claims and counterclaims that mostly just seek to confuse. My position was clear … Read the rest of this entry »

Posted in Britain, UK Economy | 13 Comments

A basic income guarantee is a neo-liberal strategy for serfdom without the work

A reader pointed out the other day that a good idea remains a good idea even if bad people advocate it. This was in relation to my blog – Why are CEOs now supporting basic income guarantees?. It reprised an … Read the rest of this entry »

Posted in Job Guarantee | 39 Comments

Iceland should not peg its currency to the euro or any other currencies

In between reading economics articles, I read a lot of fiction novels especially when sitting around airports and flying places. I get through a lot of novels. I am currently tracking some Icelandic noir writers (for example, Arnaldur Indriðason and … Read the rest of this entry »

Posted in Iceland | 6 Comments

Currency-issuing governments never have to worry about bond markets

How many times have to heard a politician claim they had to cut government spending and move the fiscal balance to surplus because they had to engender the confidence of the bond markets. Apparently, this narrative alleges that if bond … Read the rest of this entry »

Posted in Central banking, Debriefing 101, Economics, Japan | 22 Comments

The Weekend Quiz – April 1-2, 2017 – answers and discussion

Here are the answers with discussion for this Weekend’s Quiz. The information provided should help you work out why you missed a question or three! If you haven’t already done the Quiz from yesterday then have a go at it … Read the rest of this entry »

Posted in Saturday quiz | 3 Comments

The Weekend Quiz – April 1-2, 2017

Welcome to The Weekend Quiz, which used to be known as the Saturday Quiz! The quiz tests whether you have been paying attention or not to the blogs I post. See how you go with the following questions. Your results … Read the rest of this entry »

Posted in Saturday quiz | Leave a comment

Even more evidence that the US labour market is below full employment

Regular readers will know that I have been investigating how close the US is to full employment, given that various commentators and conservative types have been trying to claim it is and that, as a result, the US government should … Read the rest of this entry »

Posted in Japan, Labour Force, US economy | 8 Comments

Front National – seems confused on its monetary proposals

Earlier this year, the French collectif Ecolinks, which is a group of economics academics and students in various French institutions published their Petit manuel économique anti-FN, which carried a preface from Thomas Piketty. The group says it is opposed to … Read the rest of this entry »

Posted in Eurozone, Politics | 28 Comments

Why are CEOs now supporting basic income guarantees?

It does not quite add up. But then why should it. Spin is spin. On the one hand, we are being constantly told that the world has entered a new era of secular stagnation, driven by an ageing population and … Read the rest of this entry »

Posted in Debriefing 101, Job Guarantee | 44 Comments

Real wages below 2009 – another dimension of EU failure

How would we assess whether a monetary system was working? There are several dimensions that warrant attention. On any dimension that we might put forward, the Eurozone has been a miserable failure. I have just read the latest – Benchmarking … Read the rest of this entry »

Posted in Eurozone | 7 Comments