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#macroeconomics — Public Fediverse posts

Live and recent posts from across the Fediverse tagged #macroeconomics, aggregated by home.social.

  1. "Why should the cost of government financing be dictated by secondary-market transactions when the government is the issuer of the currency in which those bonds are denominated?

    That is exactly the question I think we should be asking. The government is not bound by the bond market. Since 1981, when Sir Geoffrey Howe, Thatcher's then Chancellor, introduced the so-called full funding rule, it has chosen to be so, but that decision could be revoked. The question is: why isn't that being done now?"
    taxresearch.org.uk/Blog/2026/1
    #UKpolitics #economics #Macroeconomics

  2. "If financial markets are increasingly unstable, why should governments be required to submit their economic policies to their judgement? Why should the ability of a government to provide healthcare, education, housing, social security or the investment required to address climate change depend upon the behaviour of highly leveraged financial institutions? And why should the Bank of England accept that this is an appropriate constraint on democratic government? To that, Bailey provided no answer. He could not, within the constraints of his own thinking, which presumes the government is dependent on bonds to finance its activities."
    taxresearch.org.uk/Blog/2026/1
    #Macroeconomics #UKpolitics #inequality

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