Business
I’m not paying that!
For at least 30 years, I’ve been a bit of a haggler. If I need something, I generally go to a shop – I prefer a small shop, ask the price and if it is [more…]
Capitalism
Authoritarianism
Two Distinctly Different Approaches to Crisis Resolution
There are two very distinct approaches to crisis resolution. One is the socialist approach, adopted by most governments of the world in the latest coronavirus crisis. The other is the individualistic approach, used by few [more…]
Authoritarianism
Modern Monetary Theory is an old Marxist Idea
There is nothing new under the sun Modern Monetary Theory, or “MMT”, has been getting a lot of attention lately, often celebrated as a revolutionary breakthrough. However, there is absolutely nothing new about it. The [more…]
Capitalism
Testing the Socialist hypothesis
Kristian Niemitz, Head of Political Economy at the IEA, wrote a book last year in which he explores the reasons why the idea of socialism persists as a viable economic system. In “Socialism: the Failed [more…]
Capitalism
Larry’s Diary Week Five
Monday Bozzie is still away this morning, at the G7, but he seems to have been upsetting a quite a few people. You might remember that yesterday he complained about the US not allowing our [more…]
America
Keeping Economics Simple
The US Department of Defence is a major customer of many private sector suppliers, including the Boeing Company. Although relationships between customer and supplier are mutually beneficial, that is by no means the only reason [more…]
Capitalism