For many years now it seems that the state of a nation’s economic health has been reduced, at least in the mainstream press, to one metric—Gross National Product (GDP). Despite rising prices, increasing public and [more…]
Over the years, my essays have charted the government’s descent from an ignorance of economic principles, all the way to sheer insanity. And there can be no reprieve while the public mind festers in the [more…]
As usual, the meaningless minutiae of tax-fiddling in last week’s budget stole the headlines and obscured what’s really going on. It would help if the linguistics were clearer: a tax “cut” should simply refer to [more…]
The World War II project to build an atomic bomb is seen by many as a template for government action to solve what appear to be national economic problems beyond the scope of private enterprise. [more…]
Things don’t just “happen”. Everything in the passing parade of phenomena is the result of something that preceded it: this is the world of cause and effect. Those appointed to hold the levers of power [more…]
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