The 'Borrowing Costs' Ritual
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.
Warner-Watch
How Much Is Government Borrowing? A Critique
My favourite BBC article has been rewritten again and more inaccuracies added. Let’s go through them.
HM Treasury sets the price, not The Market
Today we discuss the errors of thinking in the article: ‘Trussonomics’ has put the PM on a collision course with the Bank of England