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

Economics 101

One of the core aims of  Progressive Pulse is to increase economic literacy and in particular macroeconomic literacy. To help in this you may have noticed that some posts are being labelled “Economics 101”. you simply need to click on the “Economics 101” tag at the top left of this post (under my mugshot and… Read more

Wonders to Perform

It must have started with Adam Smith’s ‘invisible hand’. As Conventional religion has gradually declined, the Economy seems to have risen to a greater and greater importance and taken its place. Fortunately, most of us can still feel good because the Economy has most of the ingredients of a religion: jargon, ‘high priest’ specialists, holy… Read more