The most important Brexit issues have been clouded by uncertainty, exacerbated by predictably negative forecasting by supposedly neutral authorities. This has generated a totally unwarranted fear that has paralysed the resolve of even those upon [more…]
When on holiday in New York and Philadelphia recently, we were struck by the innumerable public benefits that wealthy foundations, trusts, charities and bequests have bestowed upon cities hungry for cultural enrichment. I realise, of [more…]
My colleague Steven Spencer has reminded me of an anecdote relayed by the owner of a brand new Corvette sports car. A bystander speculated: “I wonder how many people could have been fed with the money [more…]
One of last Monday’s blog-readers, “WinstonSmith”, challenged me to describe what I would do if, after Britain has finally left the EU, I were to be appointed Prime Minister! Well, I can’t miss out on [more…]
My mission for this week A number of readers who responded to my post last Monday, on “inflation and interest rate suppression”, asked me to explain the roles of the International Monetary Fund (IMF), the [more…]
Typically, the general public confuses any economic phenomenon with its manifestation. Both are thought of as the same thing. For example, the phenomenon “inflation” is assumed to mean the same thing as its manifestation, which [more…]
Much has been made of Britain’s trade deficit, which is the amount by which our imports of goods and services exceed our exports. The same phenomenon is evident in many other strong economies, including the [more…]
What would be the characteristics of a better tax system? A tax based on corporate added value would meet most of the objections I have outlined in earlier posts. You can think of a business’s [more…]
The government of a totalitarian state doesn’t have to worry about a tax system because the nation’s entire output is already in its hands. This is a mirror image of what happens in a democracy, [more…]
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