Liam Fox’s trade deals

Liam Fox is supposed to be “scoping about a dozen free trade deals outside the EU to be ready for when we leave” and I think we are all having difficulty in imagining where they might be. Well, imagine no longer, Progressive Pulse can now reveal the places at the very top of that list:… Read more

Président Macron’s government to sell Paris’s airports

I was most impressed with a journalist’s summation on France 2 of the proposal by Président Macron’s government to sell Paris’s airports. They are currently owned by just a shade more than 50% by the state.. The Prime Minister has said it is not part of the government’s purpose to extract dividends from infrastructure. Though… Read more

The payments balance…

There has been much discussion both here on Progressive Pulse as well as at Tax Reseach UK on where money comes from and what has come to be known as Modern Monetary Theory – usually referred to as MMT. I am far from alone in thinking that this basic outlook is not a theory but… Read more

Welcome to the future?

How interesting to see the photograph of the empty bread shelves in Asda during the recent cold weather. From some personal experience this was – remarkably – no different at Tesco who have the most sophisticated UK ordering system – indeed it may well be the best anywhere. The enormous Walmart, owners of Asda, who… Read more

Meritocratic failure

There is an interesting review of Talent vs Luck: the role of randomness in success and failure from the University of Catania (the main University in Sicily). They start from the idea that there is a Gaussian distribution of talent (as I understand it, this Gaussian distribution is just a normal distribution, so if, say,… Read more

Positive Money – game on perhaps?

Positive Money have now privately admitted to me that the statistic that 97% of money is created by private banks is very ‘confusing’ because it ignores the other sources of money creation. That is a start. Positive Money are clear that our governments do not tax and spend (see the ProgressivePulse post from Charles Adams… Read more