The rise of economics as a method of control

This from the Economist of 29 August reviewing an American book, “The Economists’ Hour”, by Binyamin Appelbaum, which I thought historically instructive:. Few economists worked at the Federal Reserve in the early 1950s. Those who were on the staff of America’s central bank were relegated to the basement, at a safe remove from the corridors… Read more

The constitutional future

I confess that I consider The Queen was very ill-served by her advisors (private secretary?) in granting prorogation of Parliament so readily to Johnson. She is supposed to make her decisions in conjunction with the Privy Council, but it turns out only two of them – both from the government – were there. ls it… Read more

Post Brexit possibilty?

For people like the Labour supporting businessman John Mills, Brexit was mostly about getting the value of the pound down in order to increase exports. ‘This is Money’ reports that His Brexit beliefs stem from his economic outlook. For Mills, Britain has thrown away its industrial manufacturing past and needs to rebuild its status as… Read more

The cult comes first

Amid news that the pound has sunk to a 28 month low on no deal Brexit fears, I thought I should revisit an oldish report from the Institute for Policy Research, which pointed out that: The decoupling between wages and growth coincides precisely with the UK’s trade (and current account) deficit. The UK’s debts to… Read more