Spending

The pension debate is misframed as a funding problem when it is actually a question of how current production is allocated and distributed between workers and retirees.

Big government or small? Physics doesn’t care. Why the economy is an electric motor, and why “balancing the books” is the wrong way to drive.

There is far more inflationary pressure from government spending that causes an increase in taxes than from deficit spending

When the HM Government buys anything, all the money to pay for it is automatically borrowed from the Bank of England, interest free and without limit