Many people are confused about inflation, unsurprisingly because politicians & Central Banks want you to be confused. Let me give a few pointers, a quick glossary if you will. Monetary Inflation This is base camp [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…]
Despite much anticipation the economic recovery plan proposed by Britain’s Tory Party after the departure of former prime minister, Boris Johnson, is missing one key ingredient that will ensure its failure–spending cuts. The new “temporary [more…]
There’s an old online adage: if you can’t beat the censorial posting comments algorithm, make it an article. And so I will. Twice censored in the comments that nobody reads. Thanks, Disqus codebase. A lazy [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…]
The end of world dollar hegemony is coming and hardly anyone in government is taking notice or even understands what this means. Since the Bretton Woods Conference in 1944, the dollar has been the only [more…]
Despite much anticipation the economic recovery plan proposed by Britain’s new prime minister, Liz Truss, is missing one key ingredient that will ensure its failure–spending cuts. The new “temporary budget” presented by her Chancellor of [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…]
It’s been a tumultuous couple of months in UK politics. After a troubled time in office, plagued by scandal, internal party frictions and much public embarrassment, Boris Johnson exited the stage leaving behind a big [more…]
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