Economist, author and university Professor on programmes in economics, banking and finance. YOUTUBE Lectures at johnhearn (free to subscribe)
Essex/City of London
Joined October 2009
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If anyone would like a free online copy of my introduction to economics for undergraduates then please download from the link below. The contents are as below and the index provides a quick reference.
jbhearn.wordpress.com/wp-con…
LIES, DAMN LIES AND STATISTICS:
“Government borrowing is predicted to be higher than expected in every year of the predicted forecast”
and here is the good news given our growth guesstimates
“But borrowing as a proportion of GDP is predicted to fall”
TRUTH: The National Debt will continue to rise and take an increasing amount of government spending to finance it for the foreseeable future.
School closing.
linkedin.com/posts/michelle-…
Professor John Hearn retweeted
Yesterday I joined Mike Graham ahead of today's "nothing burger" budget of stealth tax rises and zero spending cuts.
From the £12 billion black hole and £190,000-per-homeless-person to the 200,000 civil service jobs that should go. No punches pulled.
youtu.be/d9oSyjd1KqI?is=ucpX…
Professor John Hearn retweeted
MMT tells you a monetarily sovereign nation can issue all the currency/debt it wants and nothing will happen, claiming that currency and market volatility can easily be eliminated by cancelling the capital account.
This nonsense can only be promoted by someone that does not understand that the currency collapse and creditworthiness slump are driven by domestic citizens and savers rejecting the local currency; it is not an evil conspiracy of foreign investors.
Furthermore, no nation is monetarily sovereign. It always depends on demand. Try to force use or restrict flow, and the currency is worth nothing.
And local citizens are the first to reject an increasingly worthless currency issued by an irresponsible government.
You are welcome
The Trusted News initiative created the opportunity in a democracy to establish a State Broadcaster.
This is worrying.
Professor John Hearn retweeted
I'll be live in the studio with @Iromg on @UKLIVEonline tomorrow morning around 9:45 to talk about Healey's first Budget.
I'll be coming straight from a night out in the City, so there's a fair chance I'll be nursing a hangover.
Do join us!
Professor John Hearn retweeted
11 years ago I wrote this about a budget that created a National Debt of £1.5 trillion. On Wednesday the numbers have doubled so was I wrong or should we be doubly worried about our financial future?
jbhearn.wordpress.com/2015/0…
Professor John Hearn retweeted
“Inform, educate, entertain.” Yes, not indoctrinate. Quite an important distinction.
BBC Bitesize rewarding children for choosing open borders and migrant amnesties.
A £400,000 settlement to a Jewish producer who alleged antisemitic discrimination.
A Gaza documentary found by Ofcom to have misled viewers by concealing the narrator’s Hamas family connection.
And Panorama misleadingly splicing Trump’s speech together, prompting an apology.
All funded by the licence payer. But sure, tell me more about the BBC’s noble mission.
I left the UK. I’m simply pointing out the glaring ideological biases of a broadcaster that claims, rather laughably, to be politically neutral. In my view, it’s become a left-wing ideological institution, increasingly influenced by activists rather than impartial journalists.
Professor John Hearn retweeted
It has always fascinated me how people buy into socialist lies that destroy their currency, their nation’s creditworthiness, and, with them, their wages, savings, and well-being—then call it all “social” and blame markets for the consequences.
It’s like bingeing on junk food, ending up in a coma, and blaming the supermarket.
#Brazil currency, stock market, and bonds plummet.
Professor John Hearn retweeted
Labour don’t really believe anything, they are simply laying the groundwork for an election manifesto re-join the EU, taking advantage of the general views that the reason we are doing badly is because of Brexit, as opposed to a state that is addicted to printing money.
Professor John Hearn retweeted
Wishing u all the opportunity’s my coffee and its customers can’t be uprooted but I wouldn’t invest more in a country charging endless fines and taxes it’s impossible to get ahead now VAT on everything practically
Professor John Hearn retweeted
Brexit
Labour thinks the economies in a state because we’re not in the EU. It believes all the ‘4-8% GDP’ crap!
1. Trade Barriers Minimal for Medium/ Large firms
2. Exports Holding up well it’s just they’re down everywhere mainly because of Energy
3. The Reset we will get nothing other than becoming a rule taker whilst the EU gets even more exclusive access to the UK market
4. It’s a set up so that when we have no say on new rules they will suggest Rejoin
5. It will cost Britain £41Bn per annum just to be overruled in Brussels like we were when we were in it!
As we know the economy is shit because The Tories & Labour are destroying it post Brexit!
Professor John Hearn retweeted
I need far more counter evidence that bond yields are as important in a portfolio rebalancing process as peddled around.
On a daily, I encounter narratives that present bond yields as an important factor for investment decisions, or indeed for spending excess money balances.
That’s a total misconception that comes a long way from Keynes’ theory that reduced portfolio rebalancing to merely a choice between money and fixed interest bonds.
The two things that rising bond yields indicate are higher future inflation for the public and higher future interest payments for government.
To simply summarize; higher cost of living and fiscal problems.
Professor John Hearn retweeted
In which Simon Heffer plays the role of an Establishment stooge and rather proves Liz Truss' entire point.
telegraph.co.uk/books/non-fi…
Professor John Hearn retweeted
We should definitely be employing & training the young people here before inviting any more into our country. We are bursting at the seams.
Andy Burnham wants to reopen the debate on EU free movement.
Meanwhile, Britain has 981,000 young people not in employment, education or training.
Nearly ONE MILLION young people.
Shouldn't we be focusing on getting them into work, improving skills and creating opportunities before looking abroad for more workers?
Our young people deserve a chance.