“The only disease right now is the racism that we are fighting.” said England football player Raheem Sterling. He suggests that protesters who took to the streets after the killing of George Floyd are trying to find a solution to injustice. That’s eminently reasonable. But when are we going to get aboard the injustice of… Read more
Category:
Economics
Economics Theory
‘Subverted by thuggery’ or are we living in revolutionary times?
How Johnson can realistically hold that chucking a statue of Edward Colston into the water is thuggery I really do not know – and he was, after all, supposed to know a bit about thuggery himself. If he’d pointed out that the South West England especially, had for centuries, been subject to kidnapping and slavery… Read more
Will Dim and Dom manage to pull it off?
There is a worrying piece in this week’s ‘Grocer’ confirming what many suspected – that Brexit was never ‘oven-ready’ and least of all for food: Failure to reach a Brexit deal with Europe will lead to much worse food shortages than the coronavirus panic buying crisis: this was the stark warning made to MPs today… Read more
Attitude changing by issuing a Central Bank Digital Currency
The Bank of England issued a report in March, on Central Bank Digital Currency (CBDC) which would “allow households and businesses to directly make electronic payments using money issued by the Bank of England”. I must admit I pretty much ignored this idea as I thought that it was a bit of a flight of… Read more
‘What matters’ is that equality works
We are currently told that Black Lives Matter which, like all lives, of course they do. And while we now discover that the American policeman accused of murder had had 17 complaints against him, none of which seemed to have changed anything, and, indeed there are also instances of American policemen killing white arrestees with… Read more
Household Economics or professional approval?
Many will know that James Meadway, formerly of the New Economics Foundation, was the economic advisor to John McDonnell, previously shadow chancellor. During his time as advisor there was distinct adversity for people who believed that the government in fact created money. Yet the denial came down broadly to the idea that James Meadway couldn’t… Read more
Protestors criticised for looting business without forming Private Equity firm first
I loved this headline from the American satirical website “The Onion” It concerns the rather unsurprising discontent in Minneapolis following what looks to be a police arrest using deathly force. Interestingly it seems that fires in the disorder were contained rather than extinguished by the fire brigade – seemingly as further protest. But the short,… Read more
Harvesting other people’s debts should not be a business model
Crises tend to reveal unacknowledged truths. In 2008, we learned that the majority of the financial wizards we had been taught to treat with awe for the previous two decades were, in fact, little more than scam artists — and rather clumsy ones, at that. The coronavirus, and resulting lockdowns, is teaching us an even… Read more
We may be on the money – towards a common outlook
I have been contributing to a ‘Positive Money’ paper on the Covid-19 consequences. I have no idea if it will be accepted but I thought it would be interesting to discover how they are becoming much more ‘government money creation’ friendly! Indeed I think they suggest that they probably always have been (and, actually who… Read more
Bus companies might end up teaching us something…
I am conscious that the live performing arts sector, which is a great export earner for Britain, has, with social distancing, a major difficulty in trying to survive, and that is a sadness for all of us. Government help will certainly be needed before live performances finally become possible. But of course that is not… Read more