Monday Good morning from a dry but grotty Westminster. It looks like it’s going to rain at any moment, but the forecast is for a dry day. Today’s big question is, did the Camel actually [more…]
The first ever fundraiser in Kenya took place in December 1928. It has been 96 years but we still say, Harambee!!! October 1, 2024 The year is 1926. Kenya is under colonial rule. Natives in [more…]
In May, there were public discussions on the Finance Bill and although concerns were raised on taxation of essential services and other issues connected to it, public participation became a facade and concerns of taxpayers [more…]
On 25 June 2024, a youth-led protest primarily composed of Gen Zs, as they are popularly referred to, stormed Kenya’s parliament. Legislators voted to pass the Finance Bill 2024 in its third and last reading [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…]
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…]
As my regular readers know, most of my essays are forays into challenging economic issues. They reflect my own attempts to gain an understanding of their underlying principles. But there’s a lot riding on the [more…]
A tariff is a tax on imports that is used to satisfy a policy goal. Before the federal income tax became law in 1913, the US federal government was funded almost entirely by tariffs and [more…]
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