HeyJaredThe Politics of Care
Exploring economics, politics, and society through care, reciprocity, sustainability, and justice, challenging power, markets, and orthodoxies to rebuild collective wellbeing.
- Indexed issues, last 90 days
- 22
- Latest publication
- Sep 30, 2026
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- Sep 8, 2026
Latest issues
My View on … Money (opens the original)
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This post is part of an ongoing series in which I set out my views on significant issues in economics, political economy, politics, taxation, and accounting. It should be read in that context. It provides an overview of a position that I have developed over many years of writing and analysis, rather than a comprehensive treatment of the subject. In this particular case, my thinking is developing rapidly. As a consequence, think of this article as the foundation for what might become a series.If
What is interest? (opens the original)
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Why should money earn interest simply because somebody owns it? We usually treat interest as a natural and inevitable part of the economy, but in this Understanding Economics video, I question whether that assumption is justified.Commercial banks do not need to collect deposits before making loans. When a bank lends, it creates new money through its accounting records. The process of creating that money itself costs very little, so why are interest rates often so high, even after allowing for th
Whose side are you on? (opens the original)
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Martin Wolf used his FT column this morning to demand that Labour increase taxes in this country.He did not do so to address the crisis of inequality that we face.He did not suggest this need arises because of the urgent necessity of redistributing to those in need.He said that raising taxes was essential because spending cannot be cut and “the [Chancellor] needs to create a fiscal path that credibly reduces the ratio of net public debt to GDP, so re-creating some of the room the country lost ov
There’s no such thing as taxpayers’ money (opens the original)
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Politicians and economic commentators constantly talk about “taxpayers’ money”. In this video, I argue that this phrase fundamentally misrepresents how government spending and taxation work.The conventional story says that the government collects taxes and then uses that money to pay for schools, hospitals, pensions and other public services. I argue that the actual monetary process works in the opposite order: government spending creates money, while taxation subsequently removes money from cir
What is a market? (opens the original)
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What is a market? Economists often talk about markets as though they are natural forces that operate independently of society and government. In this Understanding Economics video, I argue that markets are simply tools for organising exchange.A market is any arrangement through which people buy and sell goods or services. Markets can work extremely well when there is genuine competition, people have adequate information, and buyers are able to walk away if the price or product does not suit them
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