This is the happiness U shape of life satisfaction, which doesn’t suggest many of us are that happy at all. But it does suggest that we are least happy when we are supposed to be ‘earning’, rather than just ‘kept’. I wonder whether this means that the Job Guarantee (JG) would therefore just be… Read more
Minister Resigns on Principle Shock
Philip Lee, the – Secretary of State for Youth Justice in the Justice Department resigned yesterday, Tuesday 12 June. Whilst most attention shone on what it meant for the Prime Minister, the man himself had, in his resignation statement, some interesting things to say, which are well worth highlighting. …as the [Brexit] negotiations are unfolding,… Read more
Money for nothing is everything
There is an excellent summary in one easy blog on TRUK of Modern Monetary Theory* (MMT), which should more properly be called Modern Monetary Practice or the Modern Monetary System (MMS). As usual, below the article are the comments, many of which are highly critical, usually on the basis that if you are stupid enough… Read more
We have updated our privacy policy – to complete transparency
Pic spotted on Twitter: … Read more
You’ve been Trumped! (the shaming of the G7)
So, six of the G7 leaders finally learn that it doesn’t matter how much you fawn over and suck up to Donald Trump the man has no respect for anyone other than himself, Putin and various other strong men/dictators. Furthermore, having fallen into tolerating Trumps daily lies and distortions and much more, they now find… Read more
The Brexit Referendum and the Irish Abortion Referendums.
“There are decades where nothing happens; and there are weeks where decades happen.” – Vladimir Ilyich Lenin Introduction This article was initially going to be a critical comparison of the Brexit and the 2018 Irish referendum, but the 2018 Irish referendum happened when I was heading up to the Scottish Highlands for a week and… Read more
BoM June 2018
According to conventional wisdom, innovation is best left to the dynamic entrepreneurs of the private sector, and government should get out of the way. But what if all this was wrong? What if, from Silicon Valley to medical breakthroughs, the public sector has been the boldest and most valuable risk-taker of all? Mariana Mazzucato wrote… Read more
“The UK’s bargaining power, with A50 untriggered, would have been much greater.”
The title is a quote from a recent Simon Wren Lewis blog on the disastrous Brexit performance of our current, so called government. I’ve always maintained that Theresa May is easily the worst Prime Minister since the Second World War. I’m, in an odd way, reassured that Simon Wren Lewis has written an excoriating article… Read more
Windrush convictions
It appears that our new home secretary, Sajid Javid, has yet to get to grips with his new position. He was on yesterday’s Andrew Marr programme suggesting that 32 of those ‘Windrush’ arrivals found by the government to have been wrongly deported were in fact “serious offenders”, so would not be entitled to compensation. Apart… Read more
Are we the Moneytreeists?
Having recently attended an exhibition on suffragettes I was struck by the fact that the name which we all now recognise was, it transpires, coined by none other than the ‘Daily Mail’ as a derogatory term for the suffragists. That set me thinking on what we could call those who understand money is a social… Read more
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