Conservatives
What a mess
I love my pressure cooker. It is one of these gadgets that I would probably, quite foolishly, consider rescuing from a house fire or flooding incident. They must be treated with respect though, and there [more…]
Rishi Sunak
Business
All other things being equal
A paradox is an apparent absurdity or contradiction that, on close investigation, is found to be true. What’s happening in government right now is hardly paradoxical – it certainly appears to be both absurd and [more…]
Economics
“Waste not, want not”
This proverb spells out the link between waste and impoverishment. Economic Perspectives 112 highlighted the inevitability of massive waste of public money when government expenditure is not susceptible to economic calculation. ”Would I sanction this [more…]
Economics
Reality begins to dawn
Shortly before the Chancellor’s Spring Statement, BBC2’s “Newsnight” featured Kirsty Wark interviewing two economic experts, one Conservative, one Labour. She asked each of them to describe the measures they would recommend to the Chancellor, Rishi [more…]
Economics
Why governments practise currency debasement – and how to cure them
I have written on the subject of currency debasement many times, but it is now reaching crunch-time – even for the pound, dollar, yen and euro. Most respected economists persist in defining inflation as a [more…]
Economics
Inflation on the rise – The blame game
After months of outright denials and fiery persistence that inflation is not a problem and never will be, central bankers in the US, the EU and other advanced economies are now being forced to face [more…]
Conservatives
“Conservative” government?……if only!
The Conservative government has strayed so far from the principles on which it was elected that it is scarcely recognisable as the party most people voted for. Its colour on the political spectrum has undergone [more…]
Economics
Designing Tax Policy – it should be obvious!
A well-designed tax policy would extract from citizens’ wealth what’s needed by the government to protect their lives and civil liberties. It would not be designed to achieve purely political objectives, no matter how dressed [more…]
Economics
Government’s Wayward Spending – It’s Our Money!
Expenditure by “Big-government” is not readily susceptible to economic calculation. Therefore it’s impossible to know whether citizens would support central or local spending proposals – and they are never consulted anyway. The result is often [more…]