We have a real choice between different economic futures

This article was originally published at openDemocracy. This election comes during a remarkable period in British economic history. Over the past ten years real wages have suffered a larger decline than in any other advanced country apart from Greece. Mark Carney, Governor of the Bank of England, recently said that Britain is experiencing its “first lost decade since the … Continue reading We have a real choice between different economic futures

There is a magic money tree – don’t let politicians tell you otherwise

This article was originally published at openDemocracy.  Few aspects of our economy are as poorly understood among politicians and the general public as our monetary system. This becomes particularly obvious – and dangerous – during general election campaigns. Last night Theresa May responded to a nurse’s concerns over pay in the NHS by saying “there is no magic money tree” … Continue reading There is a magic money tree – don’t let politicians tell you otherwise