The magic multiplier effect

When you plant a tree in the ground, it grows, producing seeds which become the source of new trees. But remember, trees can only grow where there are resources – water, sunlight and nutrients in the soil. We can think about government investment in the same way. In a democracy, government spend happens because society… Read more

The scarcity myth

According to page 4 of the Principles of Economics by Mankiw – economics is the study of how society manages its scarce resources. or this recent post by Tim Worstall, Senior Fellow at the Adam Smith Institute: there are unlimited human desires but only scarce resources with which to sate them. This is easy to understand… Read more

Is world-leading NHS healthcare an affordable proposition?

Authors: David Laws, Consultant Anaesthetist, City Hospitals Sunderland NHS Foundation Trust, Sunderland, Tyne & Wear, SR4 7TP Professor Charles S. Adams, Department of Physics, Durham University, Durham, DH1 3LE Introduction: The unquestioned assertion that a highly developed currency-issuing nation cannot afford high quality healthcare [1] is based upon a set of inter-related and almost universally-held… Read more