By now even Treasury officials and central banks recognise that their practice of Quantitative Easing has run its course. In its contemporary form, QE began a dozen years ago as a temporary emergency measure enacted [more…]
One of the greatest literary works of the age, James Joyce’s “Ulysses”, reveals its author’s surprising, yet profound, understanding of some of the most basic issues in economics. In the early days of the 20th [more…]
The woes we face are not theoretical. They are real, and worsen by the day. Very few members of the public really understand their causes, still less what can be done to reverse the decline. [more…]
Liz Truss and Kwasi Kwarteng have had to bear the brunt of the markets’ predictable reaction to their mini-budget last month. Although amateurishly presented and poorly explained, it was nevertheless replete with strategy for growth. [more…]
Every time I start this essay I find the political background has shifted so dramatically that I have to start again. Only Ollie’s complaint to Stan seems to be an apt constant: “another fine mess [more…]
In raking over the embers of Truss/Kwarteng aspirational economics a few observations are still pertinent. The fiscal “event” they staged was, its critics opined, “stillborn”, dead at birth – with no hope of getting it [more…]
Several readers expressed surprise that last week’s essay concerned my personal NHS experiences rather than the pressing issues of the day. In such a rapidly changing economic picture no commentary can ever be bang-up-to-date, while [more…]
Some seven years ago, after experiencing the dizzying effects of a very low pulse rate, I was given a pacemaker and, as an anti-clotting precaution, a blood-thinning medicine, which I was taking for several years [more…]
Like the Covid pandemic, the war between Ukraine and Russia was not foreseeable. However, despite conventional thinking, the current cost-of-living crisis has causal strands other than the war and the pandemic. These strands lie chiefly [more…]
Copyright © 2023 | MH Magazine WordPress Theme by MH Themes