The real magic money tree is maintained and watered by government, argues Michael Green. Which explains some of the economic mess we are in.
Author: Michael Green
Michael Green grew up in Northern Ireland, graduating with a PhD from Queen’s University Belfast. Now retired, he was a research scientist, first in California, then for the majority of his working life at the Medical Research Council Cell Mutation Unit at the University of Sussex, and finally working part-time at the University of Brighton. From his years as a trustee of the Medical Research Council Pension Scheme he has developed a keen interest in pensions, economics and modern monetary theory.
Conservative orthodoxy tells us that balancing the books of the public economy is both good business and good for business. The last ten years suggest that this is partially or wholly untrue. But why is this model so broken? Michael Green gets his hands dirty digging into the economy’s oily bits.