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Two of the terms least understood in economics are fiscal policy and monetary policy. This deals with one of them.
This year’s SONA seems to be a bit more polished and better crafted—in form, at least. In terms of substance, though, it’s terribly populist.
What is fiscal policy, and why does it matter? Fiscal policy is one of the government’s most powerful economic tools, yet it is also one Read the full article...
Brandon Josphat POLITICAL EDITOR NEXT Thursday’s mid-term budget review will reinforce the government’s current economic policies in an ongoing effort to protect... To a...
NB: This infographic has been updated. The only change is to a sketch in box 2. This is the fourth in this series of infographics Read the full article...
This infographic supports this morning's video: How to expand this image If you press CTRL or Command and Plus (+) on your keyboard, your browser Read the full article...
THE RICHARD J MURPHY YOUTUBE CHANNEL DEBATE AMMUNITION What Is Fiscal Policy? Funding the Future | July 2026 Topic How government uses the mix between Read the full article...
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This is the first in a series of infographics which will continue with: Microecnomics Macroeconomics Political economy The household analogy And more. How to expand Read the full a...
This is the ninth in a series of essays on the politics of care and economics of hope. The others are listed at the end of this Read the full article...
Most economists assume the answer is obvious. They say the purpose of the economy is growth, and they measure success using GDP. But what if Read the full article...
A business school professor and storied investor says it now has to prioritize the national interest. That's a start, but nowhere near enough.
I had the pleasure of being a guest on Professor Radhika Desai’s Geopolitical Economy podcast for a discussion earlier this week. The discussion was based on open-minded Read the f...
Through yesterday: Figure 1: EPU (blue, left scale), 7 day centered moving average (red, left scale), EPU-trade policy (green, right scale), 7 day centered moving average (black, r...
This is a longer-than-usual blog post. As I note at the end, it was essentially co-developed with Jacqueline in a long session over coffee in Read the full article...
Economists and financial analysts have offered differing assessments of President Bola Ahmed Tinubu’s economic reforms amid an intensifying debate over their impact on Nigeria’s ec...
After yesterday's infographic on fiscal policy, it seemed right to do one on monetary policy: Please note: this is the second version of this image, Read the full article...
PM aide says stability essential for development; super tax removed from export businesses
As the late Nobel prize-winning economist Friedrich A. Hayek once wrote, all economies are planned. Buying, selling, saving, investing, and all other activities are the result of s...
In a recent post, I discussed what is in philosophy termed 'the hard problem'. I did so in the context of recent discussion on ADHD. Read the full article...
Experts say weak exports, low investment, privatisation policies capping growth
Don’t you think economics should serve people rather than power? If not, why do we study economics, teach economics and practice economics? There is something strange about the rel...
Bringing debt under control is proving difficult because governments in advanced economies face strong political resistance to spending cuts and pension reforms
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