Poisonous tendencies

Cross-posted on  Brave New Europe. Anyone that has tried to balance a seesaw – not touching the ground – knows about equilibrium. We know how to adjust our position to correct any movement away from perfect balance. The seesaw fluctuates and we cannot relax, but if we react correctly it never moves far from the… Read more

Trickle up in pictures

How trickle down led to trickle up is probably a familiar story to most readers of Progressive Pulse but still it is worth seeing the evidence in the data. This data is for the US and comes from the work of Piketty, Saez and Zucman. (The UK is slightly less extreme but has been following the… Read more

The unbalanced economy

I’m pretty certain that Capx website is not for the most radical of writers. And certainly the author I stumbled upon used to write for the ‘Telegraph’. But under the heading: ‘There’s a new sub prime crisis’ and ‘the payday lending market has exploded since 2008’ the article considers Provident’s problems. This is a company… Read more

Money’s golden connections

A recent email from Positive Money posed an interesting question: “How is it that lack of money, the only resource that can be created at will, forms the main obstacle for addressing effectively society’s problems?” If we presume that the resources they refer to are labour, land, energy and money, then it is delightfully true… Read more

The quantity of money

After considering what is money and how it is created, the next step is to look at how much there is, how the quantity changes over time, and what this is telling us. We are in luck because we can look at real data.* Below I plot the amount of money in circulation in the UK… Read more