Peter Morgan
Peter is a freelance macroeconomist who develops new economic tools and financial products. He has a degree in accounting and finance and has subsequently worked in banking and insolvency. His work has been reviewed and recognised at a high level, which has led to meetings with senior economists and politicians. Including the Rt Hon Vince Cable, who requested a meeting with Peter to discuss an alternative inflationary control mechanism he devised.

Entries by Peter Morgan

Reinvention and Innovation Are Key for Economic Recovery

(0) Comments | Posted March 31, 2015 | 2:30 PM

As time goes by technology improves with the intention of providing better product performance and function or the same product performance and function at a lower price. Everyday products like the plughole, the light bulb and even the carrier bag need updates and upgrades. The existing market for everyday products...

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If a Cycle of Debt and Low Demand is Prohibiting Economic Expansion Look to the Foreign Market for Growth

(0) Comments | Posted January 20, 2015 | 12:33 AM

As a macroeconomist I often get asked to assess problems which prevent economic growth and social improvement. Below I have put forward a short diagnosis with some in built definitions of economic terms to describe the limitations the British economy is currently experiencing. I then suggest remedies to combat these...

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Two Personal Allowances for Two Forms of Employment to Encourage Economic Growth?

(0) Comments | Posted November 7, 2014 | 10:57 AM

At the moment there is one personal tax allowance for all forms of employment. It doesn't matter whether the individual in question works for themselves, a corporation, an agency or the government they will only be entitled to one personal tax allowance, which has to be assessed and regulated to...

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Difficulty Closing an Account?

(0) Comments | Posted October 25, 2014 | 12:45 AM

Current regulation on accounts within the UK and possibly the world seems to be inadequate. Not only is it difficult to operate or even close an account but the documentation provided with whilst running it is often of insufficient quality to legally protect the account user or even operator. Causing...

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Is It Time for a New Classification for Employment That Reduces Regulation and Even Tax?

(0) Comments | Posted October 23, 2014 | 11:14 AM

In this time of high unemployment and economic downturn it may be appropriate to look to a new way of dealing with running a small business that reduces the length of time of administration. One way of doing this is to offer a new classification of employment that enables an...

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The Budget - Why It Means More QE Is Highly Likely!

(0) Comments | Posted March 20, 2013 | 6:45 PM

Many economists have described the Chancellor's new budget as a turning point in the economic crisis, that will determine the economic strategy for his remaining tenure. The question was raised whether the Chancellor would stick to the same austerity programme or adapt the formula to reignite growth through government intervention.

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The Security of Money is a False Pretence - With High Sovereign Debt Everyone is on the Hook for Financial Ruin.

(0) Comments | Posted February 25, 2013 | 7:09 AM

There has always been a perception that money solves all problems or at the very least provides security. I don't know if this is going to be true in the future. There are many people with healthy bank accounts and large properties that could find themselves in difficulty in the...

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The EU Does Not Even Know How Much Debt It Is In!

(0) Comments | Posted February 6, 2013 | 5:57 AM

You may think the title of this article is ridiculous, but sadly it is not. One of the problems seen so frequently in the EU and Eurozone in particular is the difficulty of collecting correct or even reasonably accurate data. The body that regulates national debt data across the Eurozone...

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Triple Dip Recession or Depression?

(0) Comments | Posted January 26, 2013 | 3:21 PM

I love the way macroeconomists come up with new terms to describe things that already exist, in an attempt to cover up the fact that something bad is happening again. Last week a new term entered the debate, a 'Triple Dip Recession' apparently this is the new stage of the...

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EU Referendum - It's a Matter of Timing

(0) Comments | Posted January 13, 2013 | 4:38 PM

There has been a lot of talk in the media over the last week about the EU and the possibility of a referendum on the existing agreement the UK has with the European Union. I think the discussion started because of prime minister David Cameron's recent comments, in...

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France Goes Back on its Planned Tax Rise for the Rich

(0) Comments | Posted December 30, 2012 | 1:31 PM

The intended rise in tax on incomes exceeding €1 million to 75% of earnings has been stopped by a French court. The decision was made due to the proposed tax rise being deemed as unequal and in turn unconstitutional. The suggested tax rise for the wealthy was put...

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Macroeconomics and Banking - Have Central Banks Concentrated on the Wrong Objective?

(0) Comments | Posted December 18, 2012 | 1:58 PM

Banks need a certain amount of money to operate, when you invest money with them they will lend out or invest that money elsewhere. They will only maintain a small amount of the money deposited in a reserve, which allows investors to withdraw their money at will. This reserve (Capital...

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Progressive Wealth and Oppressive Wealth - Have Central Banks Inhibited Progress?

(0) Comments | Posted November 28, 2012 | 1:25 PM

Wealth is a topic of much debate. Some people want to know how to become wealthy and some think it should not exist at all. I think there is an assumption that wealth is uniform in nature. I personally do not agree with that view. I classify the divisions of...

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The Curious Case of Benjamin Strong

(0) Comments | Posted November 21, 2012 | 2:29 PM

Benjamin Strong was the first governor of the Federal Reserve from 1914 to 1928. He was also the first economist to use the interest rate to control the aggregate price of goods (the level of inflation), using credit based mechanisms called open market operations as the main tool to achieve...

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Is The Way Central Banks View Inflation Simply Wrong? - Why QE Will Create Inflation.

(0) Comments | Posted October 11, 2012 | 9:21 PM

There has been an assumption by mainstream macroeconomists over the last thirty years, since the inception of monetarism, that inflation is purely a monetary phenomenon. This assumption has led to the concept that money supply and prices are effectively directly correlated. For example if money supply increased the expected outcome...

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Does America Need to Consider a Creditor's Agreement to Stop the National Debt Growing Further?

(1) Comments | Posted September 25, 2012 | 5:31 PM

In recent years America's national debt has increased significantly due to the impact the global financial crisis has had on the economy, forcing government expenditure to increase. According to the Center on Budget and Policy Priorities the total national public sector debt surpassed $10 trillion in 2011 and...

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Does Britain Need a Star Chamber?

(0) Comments | Posted September 2, 2012 | 5:56 PM

A 'Star Chamber' or 'Camera Stellata', as it is known in Latin, is a secret closed court which is used to prosecute people of prominent status who have abused their power. Star Chambers have been used in the past to convict people in high positions, which the existing court system...

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Has the EU Failed its Original Agenda?

(0) Comments | Posted August 24, 2012 | 12:32 PM

The EU was supposedly set up to create a closer political union between the countries in Europe after the Second World War, in an attempt to avoid a similar scenario happening again in the future. The economic union was seen as a necessity to further fortify the peaceful relationship between...

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Debt and Pay - There Has to be a Balance

(3) Comments | Posted August 15, 2012 | 3:45 PM

The increase in private debt in the last twenty to thirty years has led many people to become concerned about the future of the economy. The argument that a high level of personal debt would create economic problems has gained support due to the recent turmoil in the financial markets....

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The Ostrich Removes its Head From the Ground - The Bank of International Settlements Admits a Second Credit Crunch is Likely

(0) Comments | Posted July 18, 2012 | 7:57 PM

The Bank of International Settlements (BIS), which is considered the central bank of central banks, has raised alarms that the world may be in for a second credit crunch. Chief economist Bill White, who is near to finishing his term at the BIS, claimed that, "The current market turmoil is...

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