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Site URL: follow.it/mainlymacro

Feed URL: mainlymacro.blogspot.com/feeds/posts/default

Posts: 10

Followers: 1

A government of small change

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Published: February 4, 2025 08:55

Since the end of the 1970s, when a new party has taken power in the UK they have started with a reasonably loud bang. Thatcher brought monetarism and neoliberalism. With Blair/Brown came an independent Bank of England, a national minimum wage, peace in…

Mediamacro melodrama

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Published: January 20, 2025 08:52

The UK macroeconomy was one of the big stories of the previous two weeks, so you might think this blog post should have covered it earlier. However my guess at the time was that media coverage was a bit like a nervous flyer who, when the plane hits a bit…

Vibes for the economy and other things

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Published: January 7, 2025 09:15

As I and many others noted after Trump won, real median household income didn’t grow nearly as much under Biden as it did during Trump’s first presidency. But there is more to the story of why 45% of voters said they had become worse off under Biden. Paul…

After neoliberalism: dynamics of transformation

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Published: December 17, 2024 08:47

As this will be the last blog until 2025, I thought I’d make it a bit more substantive than usual. Normal service will be resumed in 2025. I started writing about how the UK and US under right wing leadership had become a kind of plutocracy in 2017,…

The politics of stupid

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Published: December 10, 2024 09:00

I had a conversation on social media recently that went a bit like this (and I’m paraphrasing): ‘I want massive reductions in immigration’ ‘But how? Stopping firms or the public sector’s hiring Labour, or collapsing a number of universities? How much…

Investment in politics, like economics, involves risk and present sacrifice

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Published: December 3, 2024 08:53

Rachel Reeves is absolutely right to make investment her watchword as Chancellor. So many of our current problems come from lack of investment over the last fourteen years, particularly in areas like the NHS. While France and Spain have dozens of high…

Should governments protect citizens from external shocks to living standards?

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Published: November 26, 2024 09:02

One of the themes in post-US election analysis, including my own, has been the shock to real income caused by recent commodity prices increases (energy and food). The idea is less engaged voters (low information voters) blame the government rather than…

Freedom of Speech and Media Regulation

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Published: November 19, 2024 08:48

In two recent blog posts I returned to the issue of lack of media regulation, and the way lack of regulation is helping right wing populism to grow. We saw it with Trump, and we are seeing it with Reform and the rightward drift of the Conservative party in…