A breakdown of Wolfgang Munchau’s piece on Burnhamomics, exposing the analytical errors that follow inevitably from viewing sterling monetary operations through a mainstream europhile lens.
The emperor has no clothes, and the only thing keeping him warm is our collective refusal to look down.
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
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.
The gilt market is mendicant, not master. Why we must stop our devotion to an empty throne and remove this phantom veto on democracy.
Is the BBC following the recommendations from the Blastland and Dilnot report? Let’s use a bit of AI magic and find out
Time for another exercise in mythbusting. It turns out it is very difficult for something that cannot move to fly. Who knew?
There is no risk that interest rates on UK government debt will reach crippling levels. Interest rates are policy variables. Paying interest is a political choice. Betteridge’s law of headlines applies.