Using Local Currency for Reform – Radical or Reckless?

It seems clear that Manchester is not going to be reimbursed by central government for the full cost of the Manchester arena terrorism attack by central government presumably because central government ‘does not have enough money’ – although it prints it. Perhaps a local currency could provide a little help. Local currencies seem to be… 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