The Iron Triangle

There is a very interesting idea from someone who blogs as the Naked Mole Rat entitled Brexit cannot break the Iron Triangle. I confess I’d never heard of the Iron Triangle (although it has a Wikipedia entry) but it seems I’m not alone. I confused it for the old sales concept that a company’s offer… Read more

Less likely to be imprisoned in Victorian times than today

An intriguing but rather depressing item on education and prisoners has appeared….. We mostly probably know that today about half of our prisoners are functionally illiterate. According to this linked ‘Guardian’ article: half of the 85,000 people currently incarcerated have a reading age of 11 or lower – with 20% falling well short of that… Read more

Money is abstract not physical

There is an interesting piece from Joanna Montgomerie of King’s College London, on Storytelling about Debt in which she calls out the: …£1.64 trillion of private debt [86% of GDP]. This enormous stock of debt must be fed a steady stream of present-day income, flowing from households… and she shows that this private debt is almost… Read more

Thinking like China

There is a very interesting piece in the FT about China building a road in Montenegro, to link the Adriatic port of Bar to Serbia’s capital Belgrade. The Montenegrin government’s borrowing from China to finance the road’s cost, estimated at €1.3bn, has sent the country’s debt soaring from 63 per cent of gross domestic product… Read more

Your country needs me

As we now know that English is pretty much the lingua franca (a good – imported – English phrase!) of the EU we also know that they have a deep understanding of (the idiocies of) current British politics. We are negotiating with ourselves in full sight of our fellow negotiators. It is some evidence of… 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