money
Beliefs or purchases?
Remarkably we are now subjected to a ‘prevent’ idea that objects to ‘beliefs’ – including socialism! – but apparently not including neoliberalism or even Conservatism. These pseudo religious beliefs are always liable to attack. That is why knowing – not a belief, but a fact – where money comes from is so important. When you... Read more
Today’s budget is, like all the others, unnecessary
Indeed the whole idea of today’s ‘budget’ feeds into the trope that Government needs ‘our’ money. It doesn’t. Affordability and maxing out the government national credit card (according to Keir Starmer) were pervasive. Government doesn’t have any need of a financial budget. It does need a resources budget. That is, have we got enough doctors,... Read more
Money creation and tyre pressure
I recommend following Malcolm Reavell if you are on Twitter – he suggests good insights, which even if you don’t agree, are always worth consideration. I particularly liked this recent analogy on money creation: When you go to your local filling station to top up the air in your car tyres, and the compressed air... Read more
Maslow and the best scientific trials we can muster…
I was reminded by the death of the playwright, Edward Bond who is alleged to have thought that depriving people of imagination and education just brutalised them (ain’t that the truth? see too the disastrous decline in arts council funding and in various local councils – in particular Birmingham and Nottingham where their arts contributions... Read more
Bank of England likely to promote recession
An analyst from the research company TS Lombard suggests that the Bank of England’s interest rate policy is highly likely to plunge Britain into a recession. Indeed even the Telegraph article in which the reference is also contained is headlined ‘The Bank of England risks pushing Britain into a depression’, and so is of the... Read more
Only a dishonest government has no money..
There is an interesting disclosure in today’s Sunday Times article suggesting that the Post Office Chairman, Henry Staunton, appointed only in December 2022 was given the sack by the Conservative government on the grounds of being responsible for the lack of resolution to the subpostmasters’ scandal, when the scandal was by last year into at... Read more
The National Debt doesn’t add up
Carol Vorderman has been doing some sums: FACTS David Cameron became PM, after Gordon Brown, on May 11th 2010, 5000 days ago. In June 2010 he said the national debt was £770 billion (other sources quote £903 billion, but I’ll use HIS £770 billion for the calculation) By end Nov 2023 the National Debt had... Read more
The National Debt doesn’t add up
Carol Vorderman has been doing some sums: FACTS David Cameron became PM, after Gordon Brown, on May 11th 2010, 5000 days ago. In June 2010 he said the national debt was £770 billion (other sources quote £903 billion, but I’ll use HIS £770 billion for the calculation) By end Nov 2023 the National Debt had... Read more
Although this is a Labour tweet, they are right to pick up on this interview…
I don’t entirely agree with the introductory Labour commentary but the short radio clip demonstrates the paucity of understanding by the Tories – even in their own economic terms – of government finances. This is just a couple of minutes of a car crash interview on radio 4’s PM (“This is really basic… I’m amazed... Read more
Although this is a Labour tweet, they are right to pick up on this interview…
I don’t entirely agree with the introductory Labour commentary but the short radio clip demonstrates the paucity of understanding by the Tories – even in their own economic terms – of government finances. This is just a couple of minutes of a car crash interview on radio 4’s PM (“This is really basic… I’m amazed... Read more