Are we anywhere near there yet?

James Bloodworth, the incisive author of  ‘Hired: Six Months Undercover in Low-Wage Britain‘ has turned his attention to buses in  a blog. He is, it turns out, a Somerset boy, so his piece concentrates particularly on buses in Somerset, such as they are. Yet rural bus services ­– much like rural postal services – are… Read more

Fiscal Rules or Radicalism?

A poster on TRUK, Pilgrim Very Slight Return has written on Labour’s so called fiscal rule, (which fails to address the origin of money): “It’s as if they have accepted that the hoi polloi thinks that the earth is flat and then Labour thinks it has the job to produce the drawings to prove it.”… Read more

How money really works

Positive Money have started a discussion forum and already there seems to be an interesting division between so called Modern Monetary Theorists or MMTers and the opposition. A chap called Howard was certainly against: “Sorry but this is MMT nonsense. Tax money comes in and the numbers in the account go up, when it is… Read more

Framing the economy (continued)- Project Household

Having earlier tried to demonstrate that the economy is a construct to enable greater overall prosperity, and that money within it usually serves to derail this value, there is no avoiding the most recurring misinterpretation – that the economy works like any old household. Unless Project Airbus can be seen as a household the economy… Read more

Budgetary Sleight of Hand

This is rather a good video from Momentum. It is in the same vein as Simon Wren-Lewis’s suggestion that Conservative budgetary aims are based on deceit not ignorance:   Sam has got just one question – and if anyone can answer it, he'll vote for the @Conservatives for the rest of his life. —… Read more

Because we’re not worth it

I’m probably late to the party but there is a very worrying piece in the Independent where it indicates that court enforcers are to be transferred to Capita. Apparently it will ‘save the taxpayer up to £46m over five years’, so that’s over nine million pounds a year – between us all that’s certainly less… Read more