More (dark) thoughts on interest rates

The following has numbers for the UK, but the logic if not the numbers also apply to the US: see Mark Thoma here . Imagine the following lo...

Public Investment and Borrowing Targets

Often fiscal rules, designed to keep a lid on public deficits or debt, exclude borrowing for public investment from any deficit target. This...

Austerity and Flood Damage

This picture is what happened to part of the mainline between the South West of the UK and London after the latest storms. I used to travel ...

UK Flooding: another austerity Christmas present

The big news in the UK over the Christmas period has been flooding caused by heavy rain. The Prime Minister naturally toured some of the wo...

Something we can all agree on?

Well, all economists at least. Can we all agree that public spending on maintaining and modernising public infrastructure should be increase...