Richard Murphy

The coming crisis This was posted by Steven Swinford of The Times this morning: The coming economic crisis from this war looks like it will be bigger and last longer than I feared. The ramifications of Trump and Ne...

The coming crisis www.taxresearch.org.uk/Blog/2026/03...

Market meltdown? The world financial crisis as a result of war is coming ever closer. This looks to be the sign of that:   If BlackRockia auffwerinf cash flow cionstraints there are signs of: Market panic A f...

Market meltdown? www.taxresearch.org.uk/Blog/2026/03...

How long can Trump keep this going? This data comes from the really useful US-based Strength in Numbers Substack. It shows all opinion poll results in the USA in the last week on the issue of support for Trump's war on Iran: Look at ...

How long can Trump keep this going? www.taxresearch.org.uk/Blog/2026/03...

Rarely have we ever marched into the unknown so ill-equipped to manage the consequences There has been something strange taking place on Sky News over the last day or so. A succession of retired former generals and security chiefs, including a British former deputy chief of NATO and the ...

Rarely have we ever marched into the unknown so ill-equipped to manage the consequences www.taxresearch.org.uk/Blog/2026/03...

Why war and oil prices are no reason to raise interest rates YouTube video by Richard J Murphy

Why war and oil prices are no reason to raise interest rates youtu.be/jn3aoRTJ5pg?...

People say Farage has charisma. This isn’t charismatic. This is dismissive and rude. It’s a serious question about BNP-style racism within his party. And Farage can’t cope with that kind of scrutiny. So he lashes out.
Under the spotlight, his ‘charisma’ turns very sour indeed.

The roundabout test for economics YouTube video by Richard J Murphy

The roundabout test for economics youtube.com/shorts/08nxY...

Billionaires won’t leave if we tax them – and even if they do, so what? YouTube video by Richard J Murphy

Billionaires won’t leave if we tax them – and even if they do, so what? We might well be better off. youtu.be/XW0TQjabXNA?...

The insanity of war Everyone knows there was no legal justification for the war on Iran now being waged by Israel with active support from the US, and quiet support from the UK. There was no threat to the US that could ...

The insanity of war www.taxresearch.org.uk/Blog/2026/03... Yesterday was a day when fantasy met reality. The Office for Budget Responsibility's absurd claims came up hard against the reality of Zionist-inspired aggression and lost heavily. We will all pay a very heavy price for this war.

Economics From Adam Smith to 2029: A Complete Rethink YouTube video by Richard J Murphy

Economics From Adam Smith to 2029: A Complete Rethink youtu.be/u7cx32Fmvrk?... My presentation from our live event in Cambridge, last Saturday.

Britain is broken – and our politics can’t fix it YouTube video by Richard J Murphy

Britain is broken – and our politics can’t fix it youtube.com/shorts/2TvCI...

Is this war all about the dollar? As the FT has noted: Regime change, a campaign to stop Tehran’s ballistic missile programme, help for protesters and retribution for the deaths of American soldiers. Donald Trump has cited several rea...

Is this war all about the dollar? www.taxresearch.org.uk/Blog/2026/03...

Everything in Rachel Reeves’ Spring Statement today will be wrong – here’s why YouTube video by Richard J Murphy

Everything in Rachel Reeves’ Spring Statement today will be wrong – and here's why youtu.be/F6a-K6nVIt0?...

Are we all modern monetary theorists when the chips are down? I noted this in an email last night. You can see the source: A number of thoughts follow. First, who is questioning the value of government now? Second, who is asking where the money is coming fr...

Are we all modern monetary theorists when the chips are down? www.taxresearch.org.uk/Blog/2026/03...

Everything You've Been Told About Tax Is Wrong YouTube video by Richard J Murphy

Everything You've Been Told About Tax Is Wrong youtu.be/FlqoKplKNz4?...

Taxes do not pay for spending YouTube video by Richard J Murphy

Taxes do not pay for spending youtube.com/shorts/wpvk0...

This might be the tipping point Some blog posts I write on a Sunday afternoon can wait until Monday morning, and then there are those that cannot. This post falls into the latter category. I have, for a long time, been suggesting th...

This might be the tipping point www.taxresearch.org.uk/Blog/2026/03... Will stock markets crash in the morning?

What are the real reasons why people resist good economics YouTube video by Richard J Murphy

What are the real reasons why people resist good economics youtu.be/tuWynIUjgy8?...

We have to deal with a new world of toxic politics The Telegraph has been pushing this article out: It begins with this comment: If there is a more shameful and disturbing moment in modern British politics, I’m struggling to think of one today. Aft...

We have to deal with a new world of toxic politics www.taxresearch.org.uk/Blog/2026/02...

Modern monetary theory isn’t “just theory”: it describes how the UK really works YouTube video by Richard J Murphy

Modern monetary theory isn’t “just theory”: it describes how the UK economy really works. So why do so many people get so unreasonably worked up about it? youtu.be/8u0EMtlIMJI?...

Where government money really comes from YouTube video by Richard J Murphy

Where government money really comes from youtube.com/shorts/A_K6V...

The government is not like a household YouTube video by Richard J Murphy

The government is not like a household youtube.com/shorts/NnUMy...

The Greens: a new force in British politics I admit that I had no idea what to expect when I woke this morning, knowing that I would very shortly discover the news about the Gordon and Denton by-election. I had read all the reports about the G...

The Greens: a new force in British politics www.taxresearch.org.uk/Blog/2026/02...

Banks Create Money Out of Thin Air — Here's How YouTube video by Richard J Murphy

Banks Create Money Out of Thin Air — Here's How youtu.be/vPKLgUDgnH0?...

Why the Scottish Government bonds plan will lose us £175 million By issuing wholesale rather than retail bonds, the Scottish Government has decided to strip around £175 million from the Scottish economy ...

Excellent analysis. Cut out the finance sector. www.thenational.scot/politics/258...

Why sell UK assets abroad when the government should be buying them instead? I saw this headline in The Guardian this morning: I did, of course, have just one thought, which is why couldn't the UK state have bought that company? It could have done, of course. We learned t...

Why sell UK assets abroad when the government should be buying them instead? www.taxresearch.org.uk/Blog/2026/02...

The real far-right agenda This is from The Guardian yesterday: The chart shows the overall sentiment towards migration and migrants expressed in the House of Commons by year. It is based on linguistic analysis of more than ...

The real far-right agenda www.taxresearch.org.uk/Blog/2026/02...

The BBC has admitted the household budget myth is wrong – so why do they still use it? YouTube video by Richard J Murphy

The BBC has admitted the household budget myth in economics is wrong – so why do they still use and promote it? youtu.be/MdVRFYDsyNU?...

Capitalism's Crisis: Are Cooperatives the Answer? YouTube video by Richard J Murphy

Capitalism's Crisis: Are Cooperatives the Answer? youtu.be/NhZn4PBY66k?...

The question no one is asking about the monarchy YouTube video by Richard J Murphy

The question no one is asking about the monarchy youtu.be/5VQEwiEvfTY?...