Pension money

A recent article on pensions led me to recall the recent blog welcoming everyone to the Money Factory. This pension article and the OECD graph below suggests that the UK does not do well on pensions.   I suspect that things like the NHS and the winter fuel payment, or council tax and pension credit… Read more

‘Our future, Our choice’

A hard hitting and self explanatory video from one of the founders of this anti Brexit youth organisation – well worth its two minutes of your time. He speaks truth to power. As they suggest, the UK’s problems need to be fixed, not added to.    The hashtag is #DontBrexitFIXit     By way of contrast… Read more

Welcome to the money factory

After rather an animated discussion last evening I was reflecting on why , even when the Bank of England acknowledges that we don’t spend and tax (“Regarding whether taxation is necessarily required to finance government spending, the answer is no, it is not”), it is not enough for some. Of course there is the £435billion… Read more

The Swiss Magic Money Tree

The Swiss hold regular referendums on lots of unlikely subjects as we know. Well there is one coming up in June on money. They are voting on a so-called Sovereign Money system where it will be put to them that all new money in the state be created by the Central Bank. This is basically… Read more

Better judgement

Against my better judgement, I was persuaded by a friend to attend a talk given by a recently retired High Court judge she knew… (Needless to say I didn’t!) I confess, nonetheless, I was rather impressed. I remember judges from my youth who asked daft questions like who are the Beatles? This man was humorous… Read more

Democratic Brexit – or not

Bill Mitchell and Thomas Fazi have written what seems to me a rather odd article where they run through the history of the changes in the EU ending with its conversion to neoliberalsm. They finish: To conclude, any belief that the EU can be ‘democratised’ and reformed in a progressive direction is a pious illusion…. Read more

The REAL argument for Universal Basic Services

As a postscript to the previous piece on Universal Basic Income, (together with the interesting comment from Charles Adams on the same page) an American article makes a coherent case against a full Universal Basic Income: Our current economic crisis goes beyond the problem of income inequality. While inequality garners the most attention, it’s a… Read more

Real news, not views

This interesting letter will soon be arriving on the BBC Director General’s desk. If you listen to the ‘Today’ programme you will know they now occasionally review ‘Buzzfeed’ and the ‘Huffington Post’ as well as the more traditional press. It is indeed a notable omission that they don’t ever review the ‘New European’, though it… Read more