The fallacy of the savings rate
John Weeks
April 25, 2019
A critique of the Financial Times’ analysis of the ‘UK’s low savings rate’. Austerity and financialisation, not profligate shoppers, are to blame.
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Tag: Government Debt
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How austerity is made: economic storytelling about debt
Johnna Montgomerie
April 8, 2019
To move away from debt-dependent growth and escape the ‘boom, bust, bailout, austerity’ cycle, we need to cultivate our powers of economic storytelling.
Wage-led growth: give everyone a pay rise
Engelbert Stockhammer
January 7, 2019
The case for moving to a wage-led growth model as part of PEF’s 100 Policies to End Austerity series.
Public debt is not a burden; it is an asset
John Weeks
September 23, 2018
The public debt is the Rodney Dangerfield of government finances. It is a long term benefit treated as perennial problem.
The case for cancelling household debt
Johnna Montgomerie
September 23, 2018
A household debt cancellation fund would be endowed with the same amount offered to bail out the banks 10 years ago.
ONS Wealth and Assets Survey: Young people, North East fare badly
Michael Davies
August 1, 2018
PEF economist Michael Davies warns against false optimism off the back of the latest ONS Wealth and Assets Survey results, and highlights the particular challenges faced by young people and the North East.
The crisis of the debt economy and the end of austerity
Johnna Montgomerie
May 30, 2018
The following is a transcript of Dr. Johnna Montgomerie’s speech at the launch of the Progressive Economy Forum, in which she discusses the intimate link between ‘public’ and ‘private’ debt and its implications for the debate around austerity.
The Progressive Economy Forum – why now?
Patrick Allen
May 16, 2018
Patrick Allen explains why he founded the Progressive Economy Forum and why we need a progressive economics more than ever.
Bad economics is holding Britain back
Michael Davies
May 16, 2018
Hammond’s deficit-reduction framework is an edifice with no grounding in economics. By ruling out borrowing for capital spending, the government will be forced to either underinvest in the UK’s future or wreak further havoc on frontline public services.
Not all debt is bad
Michael Davies
May 16, 2018
The IMF’s Fiscal Monitor report perpetuates fictions about the dangers of government debt, while ignoring the impending private debt crisis and its link to austerity.
