A brief history of money

The following is an extract from the unpublished book: Peoplons, Charmons and the Strange One: the uncertain science of economics by C. S. Adams, Illustrated by Cohenbaum. Tokens of exchange: In the economist’s book of myths and legends, money was invented to solve the “double coincidence-of-wants” problem in a pair-wise economic exchange. Paul the baker wants a… Read more

Lower tax equals a worse life

Let’s be clear, lower tax means lower prosperity, worse public services, worse health and worse education. The evidence is in the data. The graph below (updated 2017-06-08 following suggestions in the comments) shows outcome measured using the UN’s inequality-adjusted human development index (IHDI) as a function of input measured using tax as a percentage of national… Read more

The Co-operative Bank is not Co-operative at all, but real Co-operative Banking is now possible in the UK

It is a fact not universally acknowledged that the Co-op Bank never has been itself a Co-op. It was a bank originally owned by the CRS as a way of providing economical banking for their own retail operations. This was a surprise discovery made after attending a recent lecture by Tony Greenham who looks after… Read more