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…]
The addiction of our Government to debt is understandable. It helps to win votes and court popularity for political parties to make promises underpinned by implied expenditure, and that is the history of the two [more…]
Going Global on 3 September The purpose of taxation is to raise revenue to enable the state to finance its legitimate work. What that work may be, in a democracy, is a matter for citizens, [more…]
Economics is a topic about which I know a little. But a little knowledge is a dangerous thing… I guess I know enough to run a small business, feed the kids, annoy my family with [more…]
The Systems demise could be sooner than you think. The monetary conjuring trick employed after the last crisis, described in Part 1, required central banks to purchase government bonds from pension funds and insurance companies, [more…]
My role as leader of Britain’s newest political party takes me all over the country, usually the pace is too frenetic for me to take much of an interest in the logistical dynamics, but recently [more…]
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