Full football stadium at night

If the cap fits, should we wear it?

With wage bills in the English Premier League beginning to spiral out of control, there has been lots of talk as to whether a team-based salary cap should be implemented to regulate the inflation. This discussion was prompted by the revelation that teams such as Crystal Palace and AFC Bournemouth are spending 78% and 76% of their annual revenues respectively on their wage bills in … Continue reading If the cap fits, should we wear it?

Badge of USA federal reserve

Modern Monetary Theory: Miracle Solution or Recipe for Disaster

Modern Monetary Theory, or MMT, is a growing macroeconomic theory amongst members of the Democratic Party in the USA, such as Bernie Sanders and Alexandria Ocasio-Cortez. As MMT begins to rear its head in other nation’s political discussion, it is important to understand whether it is truly a miracle solution or an ideological fantasy.   Despite the name, MMT rejects the common consensus that interest rates should … Continue reading Modern Monetary Theory: Miracle Solution or Recipe for Disaster