Debt Tyranny and Other Ghost Stories
The emperor has no clothes, and the only thing keeping him warm is our collective refusal to look down.
The emperor has no clothes, and the only thing keeping him warm is our collective refusal to look down.
If there is a shortage of entry level jobs, why not create some?
Britain’s supposed ‘borrowing crisis’ says less about financial necessity than about a political class still trapped inside the rituals and superstitions of a pre-floating exchange rate world.
Another day, another 1976 warning
The National Minimum Wage has become a rationing mechanism rather than a floor. By clinging to age-based tiers, the UK masks a systemic failure where the private sector no longer rewards experience.
Agent-based banking models impose hard capital constraints and lack market-priced equity issuance, overstating credit rationing relative to empirical evidence on proactive seasoned equity offerings.
A ‘bond crisis’ is upon us, apparently. Break the usual framing and the opposite emerges: borrowing costs have fallen, and the ‘crisis’ is seen for what it is - manufactured panic serving particular interests.
Currency Collapse is Codswallop. Why the Currency Crisis Crew have it backwards, yet again.
Why I think that Starmer is going to be staying exactly where he is for the foreseeable future
The gilt market is mendicant, not master. Why we must stop our devotion to an empty throne and remove this phantom veto on democracy.