Poles

The title is purposely ambiguous because I feared this would be a rant about ‘The Poles’ as in Polish people, (one of whom particularly is a friend)! In fact I’d written to my local councillor about telegraph poles –  she replied with this succinct title. I discovered that BT is actually allowed to put up… Read more

Regulatory competence

There is a notable ‘Guardian’ article by Will Hutton on the the crashes of the Boeing 737 Max 8 and the pervasive capture of the American state by corporate interests, where he highlights the bonfire of regulations (where have we heard that before?) that has led to reductions of funding of the Federal Aviation Administration to… Read more

Chickens and Hayek

I strongly recomment a listen to The Inquiry – How did we mess up antibiotics? A part of the story involves chickens. The figure below is from businessinsider. Clearly, there is something not natural going on here. Back in 1989 I went on a trek in the far north of Thailand. In the villages, chickens… Read more

An outbreak of sense?

The Guardian ran a striking headline on Thursday last: Scrap laws driving privatisation of health service, say NHS bosses . I confess I did a double-take. If this is for real then it has to be heartily welcomed. [They are] proposals which, if taken forward by ministers – who are supportive – would unwind and… Read more

MMT is perhaps gaining hold in the US as there are some very spurious arguments against it

Modern Monetary Theory (MMT) has received further criticsm in the US – perhaps particularly because that seems to be where it is (can we hope?) gaining a hold. Britain is still mired in the all-consuming provincial business of Brexit. This is a writer on ‘Medium’: “…the treasury can only spend by first ensuring it has… Read more

Suggested requirements for a properly functioning Monetary system based on MMT in the UK

It is interesting that Fadhel Kaboub, Associate Professor of Economics at Denison University, and president of the Global Institute for Sustainable Prosperity, who is a great Modern Monetary Theory ‘MMT’ (Charles Adams’ summary here) and Job Guarantee Advocate, seems to be rather opposed to the Warren Mosler and Bill Mitchell idea that exports are like a… Read more