Bond market fairy tales part 2

In part 1 I contrasted the way I think about how different speeds of deficit reduction in the UK or US today will influence interest rates ...

Anti-intellectualism

The question in the title of this post - What Are Academics Good For? - was meant to be rhetorical. I took it for granted that as a collect...

What are academics good for?

A survey of US academic economists, which found that 36 thought the Obama fiscal stimulus reduced unemployment and only one thought otherwi...

Austerity, journalists and the financial sector

The argument that current growth (since 2013 in the UK and maybe from 2014 in the Eurozone) vindicates austerity is ludicrous. Anyone who co...

Economic standards

I have used the following analogy before, but it remains pertinent. Imagine you are an academic scientist who is genuinely sceptical about c...

On city economists and the FT survey

Tony Yates believes the claim that the 2013 UK recovery vindicates austerity is “ twaddle ”. It is a politically motivated claim that makes ...