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

Zero Hours or Zero Cash?

Matthew Taylor’s report on the so called gig economy seems worryingly conservative. He seems quite happy with zero hours contracts although as I always point out this transfers the onus of success from the swashbuckling capitalist onto the employee, who is rarely entitled to the rewards for success, but seems firmly gripped by the system… Read more

Clubcard Money

I was in Tesco the other day. Not something I’m wont to do – I abhor the place, having worked for a short time in a previous life for their opposition and supplied them for an even shorter time. It is not somewhere I feel particularly at home. But Tesco exists. And of course, having… Read more