There is an interesting new interview from Renegade Inc with Professor Richard Werner: Presenter, Ross Ashcroft quotes: “As the Russian Proverb goes: There is nothing more permanent than a temporary solution.” And that is Quantitative Easing (QE), which term of course Richard Werner invented. But now, more important, I’d suggest are his ideas on local… Read more
Category:
Economics
Economics Theory
UK Pensions – firmly at the bottom of the pile
This is a shameful chart from the OECD report ‘Pensions at a Glance’ which shows that the UK has the second lowest pension rate of the countries surveyed – and easily the lowest for any OECD country when viewed as a percentage of the average working wage. The OECD average is 63% and for the… Read more
Business now says that Brexit is inflationary
Asda has rather let the cat out of the bag in requiring its suppliers to accept a 5% increase in transport charges for Asda’s collection from them. The Grocer says that while Tesco gave twelve week’s notice – Asda gave just 30 days notice, of a price hike. But what is especially interesting is that… Read more
More Project Fear bumping up against reality
The fact that even the Telegraph thinks that the army is on stand-by to assist in food and medecine distribution means, I think, that it is true. Yet more of project fear looks set to turn out to be project fact. And we left the EU less than eight months ago… Quite how a couple… Read more
Green New Deal Rising is both our youth’s and our future…
And should surely make us all sit up…. It also shames the Labour Party leadership – what are they doing? (a powerful one and three quarter minute watch): The young have discovered, entirely correctly, that most people are being exploited while the planet is destroyed in the pursuit of profit for the few. There is… Read more
Policing by numbers
I much enjoyed this tweet from David Schneider: At a time when many of us are paying increased council tax for extra police simply because government cannot allegedly, afford them – shooting ourselves in the foot seems now to be a government precondition……. Read more
If they are supposed to work for us markets need control
Paul Embery of ‘Blue Labour’ (as they say) has written about the laying bare of the debate on immigration using the example that the UK is short of lorry drivers. He has a point – the shortage is an indication that other EU drivers were making up for UK shortages and may have contributed to… Read more
Capitalist transport really doesn’t work
I said that I’d be reviewing government’s plan for the greening of transport and I will now offer reflections. Although allegedly this is the first transport decarbonisation plan in the world, it does not seem to me, either original or radical. As Norman Baker, former Lib Dem Transport Minister, says: The government has boldly called… Read more
‘Living with Covid’ probably means dying sooner of something else
This was an interesting tweet from a Dr Kelly from the University of Queensland and summarises what most of us who are not health professionals (or at least me) have never thought of: So the government suggestion of living with Covid from now on is possible only if you revise your health provision to include… Read more
The three forms of inflation…
Dr. Johnson’s Dictionary of the English Language (1755) defined “inflation” as “the state of being swelled with wind, flatulence.” Yet now: Inflation. People fear it, policymakers dread it, pundits pronounce upon it. It was high throughout the West in the 1960s, higher in the 1970s, and hyper in the aftermath of World War I. Inflation… Read more