Professor of economics at UWE Bristol. Chair of Post-Keynesian Economics Society. Interested in macro, finance, banking, climate change, inequality, demographics.
https://people.uwe.ac.uk/Person/JoMichell
Jo Michell
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Conclusion: institutional architecture must:
1. Allow coordination of monetary and fiscal policy.
2. Separate institutions that do and don't face political risk; public investment projects that don't require tax subsidy should be outside fiscal rules.
progressiveeconomyforum.com/publications...
As well as this report which lays out some first principles for macroeconomic policy.
Premises:
1. The economic reality faced by policymakers is complex and
unpredictable.
2. The ultimate fiscal risk faced by the British government is a political
risk.
progressiveeconomyforum.com/publications...
Could be read alongside this less polemical piece which looks at a selection of Green policies — rent control, wealth and land taxes, carbon tax, green investment, nationalisation etc. www.economicsobservatory.com/what-are-the...
Got a piece up on Polanski, MMT, economic policy and all that.
Punchline: Polanski is right that the current institutional and operational framework is past its sell by date, and Greens are asking the right questions — but Richard Murphy’s MMT is not the answer.
blogs.lse.ac.uk/politicsandp...
If there is a form of AI development that might come closest to the Left's goal to break the power of authoritarian tech oligarchs, then enabling the emergence of cheap variants that can be used offline and thus destroy the hypercentralised rentierism of Silicon Valley and the CCP might be an option
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So far, 'everyone except the energy market guys' has come out on top in terms of Hormuz oil shock predictions. But we don't even know if the half time whistle has blown yet, and stockpiles won't last forever. www.ft.com/content/7863...
This just carries on, day after day.
At moments of crisis, leaders have a responsibility to speak to, and for, their country.
The PM should be on the airwaves, telling the stories of the children, teenagers and families who have been burned out of their homes; naming those responsible; and leading a national fightback against them.
