Property – up, up and away

There are some rather old but devastating trends in this ‘Positive Money’ chart (click to enlarge):   Housing stock and population growth are completely divorced from either house prices or mortgage lending. As I suspected before, the housing market is one that is completely dysfunctional. When our nurses cannot even obtain a secure home we… Read more

Electric cars – not so fast

I have suggested before that electric cars were not quite the panacea they seem to have become for our politicians. I know President Macron said he wanted French cars all electric by 2040 (although India thinks they’ll have the same 10 years earlier). And Britain copied the French timetable. So far so aspirational. But in… Read more

Stereotypes, lying and government duty

Yanis Varoufakis has an article in which he suggests that Germany and France – the principal powers of the EU – are rather dysfunctional neighbours: At the heart of this Franco-German war is the clash between two Rs: the German commitment to rectitude versus the French penchant for redistribution. German officials greet every French government… Read more

BoM January 2018

Our January Book of the month is Democracy in Chains by Nancy McLean. Behind today’s headlines of billionaires taking over our government is a secretive political establishment with long, deep, and troubling roots. The capitalist radical right has been working not simply to change who rules, but to fundamentally alter the rules of democratic governance…. Read more

Everything you ever wanted to know about Bitcoin – and just a little bit more

There is a marvelous article in the ‘Washington Post’ (yes, I know it’s owned by Bezos, the man that owns Amazon, so is not my usual read either) but it provides the best summary of Bitcoin that I’ve yet encountered. I’ve quoted the introduction to whet the appetite: Bitcoin changes prices too quickly to be… Read more