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jos.gallacher.be
Scot, European citizen, economic policy aficionado, green tinged democratic socialist, social democrat, book lover, coffee addict and pedant. In that order.
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The sums involved in US government procurement are so vast that from this side of the Atlantic you immediately think that there must be several layers of massive overcharging. Quite possibly by the same people calling for a crackdown on waste.

submitted 4 days ago • 2 comments

Towards a Dad Book canon: pick one

submitted 4 days ago • 0 comments

Is anyone making the case that higher taxes would be good for the economy? #EconSky It might be politically difficult but there is a macro case to be made.

submitted 4 days ago • 0 comments

Is calculus knowledge or a skill for the future?

submitted 6 days ago • 0 comments

I've always argued the US would be the first to impose capital controls.. and that such controls would become acceptable if they served US interests. ... on.ft.com/4mG4jyU

submitted 8 days ago • 2 comments

Latest edition of #LRB has arrived. No doomscrolling until I’ve read the best bits.

submitted 9 days ago • 0 comments

“Trade negotiations are frequently as much about struggles between domestic constituencies as between countries.”

submitted 11 days ago • 0 comments

"Unless party members, affiliated unions and MPs stand up and assert themselves to take back control of Labour, in the next period of its history we may not only lose a government. We could also lose a party" Powerful piece by @johnmcdonnellmp.bsky.social www.theguardian.com/commentisfre...

submitted 11 days ago • 4 comments

"Nous qui enseignons l’histoire, la géographie et l’EMC, sommes convaincu·es d’une chose : un jour viendra où nous enseignerons le génocide des Palestinien·nes de Gaza" Le collectif @aggiornamentohg.bsky.social s’inscrit dans le combat pour le soutien au peuple palestinien regards.fr/bientot-nous...

submitted 11 days ago • 3 comments

Financial deregulation is like a game of Jenga. #EconSky #finance on.ft.com/3Hfjoaz Should ordinary US retirement accounts be investing in private assets?

submitted 12 days ago • 1 comment

Read the embedded piece. Should be no surprise to anyone who remembers 2008 crash and has even modest familiarity with crypto. But nonetheless a great explanation of how this catastrophe in waiting has wormed its way into the financial & political system.

submitted 12 days ago • 6 comments

Occasionally there are moves in the right directions. on.ft.com/3FzUVMy EU plans sweeping stress test of non-banks

submitted 12 days ago • 1 comment

#EconSky

submitted 12 days ago • 2 comments

There are 37.4 million people in the UK paying income tax. The top 1% earn over £201,000. That is 374,000 people. Where am I going with this? I’m thinking about how to get a bigger contribution from the highest paid cohort. What I need is the mean income of the top percentile. Where could I find it?

submitted 13 days ago • 1 comment

Yes. I wonder if economics gets a much of a look in during trade negotiations.

submitted 15 days ago • 0 comments

Do people pursue hubris?

submitted 15 days ago • 0 comments

Is this a tautology?

submitted 16 days ago • 0 comments

I wrote about the risks of a "sudden stop" if investors lose faith in America. The bond market is amplifying those risks minute by minute as yields shoot higher after the budget monstrosity paulkrugman.substack.com/p/gaming-out...

submitted 17 days ago • 72 comments

Take the time to read this excellent thread. Begin by reading the Liberty Street article he begins with. It’s quite short. Then read his critique. This is the question of the moment. The issue is not tariffs and trade; it’s macro imbalances.

submitted 17 days ago • 0 comments

AI wouldn’t be so scary if we called it Imitation Intelligence. #AI

submitted 18 days ago • 0 comments

I’m old fashioned enough to think the BBC should be leading on what the deal is and what it means. Rather than the political claims from both sides.

submitted 20 days ago • 203 comments

This #playlist is a good one for getting going on a lazy Sunday. open.spotify.com/playlist/0Ye...

submitted 21 days ago • 0 comments

submitted 23 days ago • 0 comments

"The BoE went from having the world’s most aggressive QE programme to the world’s most aggressive QT programme. The BoE’s record of running these programmes in a cost-effective fashion is poor — it is the unwelcome standout in terms of costs to the taxpayer among central banks." on.ft.com/3YMnJrR

submitted 24 days ago • 0 comments

10 French films…. Merci La Vie Leon Diva Le Grand Bleu Belleville Le Dîner De Cons Le Rayon Vert Trois Couleurs Bleu Jean de Florette La Lectrice

submitted 25 days ago • 0 comments

Look! Here’s a banker arguing for the roll back of regulations put in place after the banks crashed the economy. Who would have thought it. on.ft.com/43d7buj Ringfencing is bad for UK banks and customers

submitted 25 days ago • 0 comments

Day 9 of Lois asking Steve Reed to join her at the football. ⚽ Something stinks about Thames Water's sewage plant upgrade costs. How can it be 15x more expensive than building a new one in other countries? Perhaps Environment Secretary Steve Reed can tell her? #LoisvSteve

submitted 25 days ago • 10 comments

Before I leave stormy Spain for sunny Edinburgh, I’m posting this once more.

submitted 25 days ago • 0 comments

73 days of Israeli blockade on Gaza Strip Starving 2.1m people, almost half children

submitted 26 days ago • 0 comments

Good thread by @petergeoghegan.bsky.social on Palantir in NHS. Read also my newsletter from yesterday which reveals head of Palantir UK in middle of UK-US trade deal talks…of which we still don’t know the details. Why not?? open.substack.com/pub/broligar...

submitted 27 days ago • 33 comments

“There’s nothing really retail in it.” Is governing no more than a form of campaigning? on.ft.com/4m9JHil Ministers push to improve draft 10-year plan for NHS in England

submitted 26 days ago • 0 comments

The world needs more of this and less of most other things

submitted 27 days ago • 392 comments

1/4 In a new piece published today, I argue that the reasons Keynes and other prominent economists opposed the unfettered flow of international capital are just as valid today as they were when he was alive. commonplace.org/2025/05/12/w...

submitted 27 days ago • 2 comments

During my few days in Spain I’ve been listening to a fair bit of Spanish music, Albeniz, Tarrega, Rodrigo … Here is a small playlist. open.spotify.com/playlist/5R7...

submitted 28 days ago • 1 comment