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Economists still don't know what causes inflation? Is it, today, a nice problem to have? Can Johnson keep his electoral coalition intact?
2021-10-28
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Leading economist Duncan Weldon once again joins The Other Hand to discuss the issues of the day.
In his own recent substack post Duncan noted that an ex-Chief Economist of the Bank of England recently stated that ‘economists have no general theory of inflation’. When you think about it, that’s quite a statement.
The UK budget revealed another shape-shift for the Tory party. A Chancellor who believes borrowing is ‘immoral’ nevertheless wants to spend a lot of borrowed money. And is raising taxes.
This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit cjpeconomics.substack.com
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In his own recent substack post Duncan noted that an ex-Chief Economist of the Bank of England recently stated that ‘economists have no general theory of inflation’. When you think about it, that’s quite a statement.
The UK budget revealed another shape-shift for the Tory party. A Chancellor who believes borrowing is ‘immoral’ nevertheless wants to spend a lot of borrowed money. And is raising taxes.
This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit cjpeconomics.substack.com
Become a member at https://plus.acast.com/s/the-other-hand-with-jim.power-and-chris.johns.
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