Cameron Archibald

Public Policy Economist. Research Fellow at Resilient Economy. Modern Studies Teacher. Professional account.

[William Thomson @Williamgallus]

Brilliant to see a government Job Guarantee on the @bellacaledonia list here: https://t.co/xHAckGpmzn Well done @CiaranMcKenna8 and one for @CameronArchPol to check out. #JobGuarantee #MMT

[Cameron Archibald @CameronArchPol]

The Job Guarantee has some incredible potential to deliver greater economic democracy, ecological stability, and productive output required to build the Scotland of tomorrow.

Watch this space 👀

[William Thomson @Williamgallus]

Brilliant to see a government Job Guarantee on the @bellacaledonia list here: https://t.co/xHAckGpmzn Well done @CiaranMcKenna8 and one for @CameronArchPol to check out. #JobGuarantee #MMT

[Future Economy Scotland @FutureEconScot]

Our map created w/@Cmmonwealth traces ScotWind projects to their ultimate shareholders.

Revealing:
🌍 75%+ of planned capacity is owned by parent companies outside the UK
🛢️ Six major fossil fuel companies have stakes covering 25%

See who owns ScotWind: https://t.co/4ofFiCa1PW

[Mariana Mazzucato @MazzucatoM]

A government cannot balance its current budget while starving the economy of the investment it needs. That is not fiscal prudence, it is deferred economic insecurity – and the UK’s lagging public and private investment are its outcome.

New post on what fiscal rules are actually for. Link in replies.

[William Thomson @Williamgallus]

Raising interest rates will not reduce inflation. So why does it seem impossible to challenge this long-established response to rising prices?

Legitimate concerns exist about central banks' current response. Thread. 1/8

[Cameron Archibald @CameronArchPol]

Definitely worth a read 👇

[Malcolm Reavell @malcolm_reavell]

A central bank for an independent Scotland.
https://t.co/ilTRrinbst

[Malcolm Reavell @malcolm_reavell]

A central bank for an independent Scotland.
https://t.co/ilTRrinbst

[Daniela Gabor @DanielaGabor]

the return of some non monetarist sanity today, after Bank inflicted unnecessary pain for past 3 years.

but even now, it claims that the following decisions are the science of monetary policy:

Passive QT to April 2027, then Active QT on the gilts maturing after 2034

[William Thomson @Williamgallus]

Launching Scotland's Economics Festival, March 19-21 2027! Tickets available now.
https://t.co/3bxGVqsMV5

[Cameron Archibald @CameronArchPol]

Looking forward to reading this.

[Daniela Gabor @DanielaGabor]

stay tuned for my new report 'Against Bond Vigilantes' -

mapping the extraordinary set of policy choices/ institutional arrangements that are constraining the UK government.

the first priority: curtail the Bank of England's illegitimate fiscal powers

https://t.co/L20DUYslf4

[Daniela Gabor @DanielaGabor]

stay tuned for my new report 'Against Bond Vigilantes' -

mapping the extraordinary set of policy choices/ institutional arrangements that are constraining the UK government.

the first priority: curtail the Bank of England's illegitimate fiscal powers

https://t.co/L20DUYslf4

[Isabella M Weber @IsabellaMWeber]

Just in time for the latest oil price spike, we published our article urging the ECB not to hike rates to fight a supply shock. Europe needs a new inflation governance for shockflation. We need disaster preparedness for essentials instead of increasing investment costs.

[William Thomson @Williamgallus]

"A Scottish Central Bank for an independent Scotland: A review of the Scottish Government’s current proposal and an outline of a wellbeing economy alternative"
William Thomson and @wbmosler. Coming soon!

[Miriam Brett @MiriamBrett]

Scotland faces a looming fiscal gap. Decisions about how to close it are political choices, not fiscal inevitabilities. How the government responds will shape our economic future. We can’t return to austerity. There is an alternative. Read our latest blog: https://t.co/mAojXSeQqm

[Peter Ryan @_PeterRyan]

Interesting hot take from @StephanieKelton on AI

[Dow @mark_dow]

@tdarling1 Here's a quick primer on all this:
https://t.co/HbzyhaH5Cn

[Eric Tymoigne @tymoignee]

Two sources of inflation that won't be solved by raising i + raising i increases costs of operation and increases interest income, both potentially raise inflation.Stop Iran conflict,promote green energy,build more houses,medicare for all,tax capital income... It is all fiscal.

[Stephanie Kelton @StephanieKelton]

"The recent rise in long-term rates—what has been called a global “bond rout”—mainly reflects an expectation that short rates will be raised. It’s not complicated; all other factors are secondary." 3/

[Stephanie Kelton @StephanieKelton]

For those who don't know, Eisner was a former president of the American Economics Association and a renowned macroeconomist.

[William Thomson @Williamgallus]

Paying interest on central bank reserves "is essentially a publicly funded guaranteed income to private finance that does nothing to encourage lending to the “real economy.” Too true @ptcherneva https://t.co/WTRGFiJoNh