Michal Lerner In this article I compare the role of the central banks in government spending in two large capitalist states, the UK, the US. I have chosen these two states because they are both states which are the monopoly issuers of their own currency. In a later article I will look at the role of the … Continue reading Central Banks and Government Spending – A Tale of Two States
Stephanie Kelton
Rachel Reeves’ Budget Dilemma – Households and Governments—Editorial
Rachel Reeves will deliver her second budget on 26th November, facing a serious dilemma of her own making. By adopting two strict fiscal rules that limit government spending without tax rises, and simultaneously pledging not to increase taxes on working people during this parliament, Reeves has boxed herself into a narrow and politically dangerous corner.When … Continue reading Rachel Reeves’ Budget Dilemma – Households and Governments—Editorial
Labour Affairs 