Potholes, neglect and the wanton vandalism of local infrastructure

No one who uses any form of road transport can have missed the appalling condition of roads in England. But here I need to add an immediate qualifier: I’m talking specifically about urban, suburban and rural roads that fall under the responsibility of local highway authorities (i.e. local councils). I’m not talking about the motorways… Read more

A More Definitive guide to the DUP

It is general knowledge that there are two broad groups in Northern Ireland, the Protestant /Unionist /Loyalist (PUL) community and the Catholic /Nationalist /Republican (CNR) community. Historically  the PUL community has been the majority and the CNR community the minority, but they are now getting very close to par. Nationalists tend to see themselves as… Read more

Modern Monetary Theory (MMT)’s flaw for balance of payment deficit nations

Many, if not most, would agree that we have been poorly served by Conservative austerity policies, not just because it engenders economic contraction, but also, even more importantly, because it concentrates on judging the economy using the wrong measure. It is obvious that for sovereign currencies where the government creates its own money government deficits… Read more

Land of the rising sun compared with the land of the setting sun…

How interesting that not only India but now Japan wants easier visa access as a condition of any new trade deal. I am referring to this FT article (intermittent paywall) for the story (as well as a comment for suggesting the headline). So the ‘hostile environment’ seems to be equally counterproductive towards nations whose lower… Read more