Is world-leading NHS healthcare an affordable proposition?

Authors: David Laws, Consultant Anaesthetist, City Hospitals Sunderland NHS Foundation Trust, Sunderland, Tyne & Wear, SR4 7TP Professor Charles S. Adams, Department of Physics, Durham University, Durham, DH1 3LE Introduction: The unquestioned assertion that a highly developed currency-issuing nation cannot afford high quality healthcare [1] is based upon a set of inter-related and almost universally-held… Read more

Some data on the UK housing problem.

We hear a lot about the housing crisis and following on from a discussion on Richard Murphy’s blog I thought I would have a look at the data. Ideally all discussion should begin with data—in data there is truth—but we should remember that data-ists have enormous freedom as to what data to choose and how… Read more

GFC 2008: cock-up not conspiracy

A new study by the US National Bureau of Economic Research has found that the reason for the high default in mortgages prior to the 2008 financial crisis was not, after all because of loans to sub-prime lenders. It builds on the conclusions of the Massachusetts Institute of Technology who have long maintained that sub-prime… Read more

Science and technology are the greatest agents of collective human progress.

Surely, only a politician could think that: “A free-market economy, operating under the right rules and regulations, is the greatest agent of collective human progress ever created.” Or maybe a politician and an economist. For everyone else, a much stronger case can be made for mathematics and written language, or science and medicine, or the ability… Read more

Anyone for “unfunded borrowing”?

In yesterday’s speech the Prime Minister refers to “unfunded borrowing”. It’s here  (To spare you having to endure the full half hour it is mentioned at about 23.58 in.) It’s not a stumble, it is clearly spoken, yet it is prima facie nonsense. Borrowing isn’t going to get to be borrowing if it is unfunded…. Read more

Moody Fantasy

The attention given by the Mainstream Media to the downgrading of British debt by Moody’s to slightly less than triple A only goes to prove how ill they serve us. It might be more interesting if it were Cornwall that had been downgraded, which is one of the few UK counties to have a credit… Read more