To Explain Why Expansionary Austerity Works
The current mantra is that austerity never does work. That the very idea of expansionary austerity is simply wrong.
That is, we should never try...
UK Child Poverty Means More Need Free Shoes
That's one way to read this story. It's also the way the story is being told. Finally, it's the wrong way to read the...
Ignorant Stupidity About Billionaires
If only people actually understood the subject under discussion:
I never expected to go viral just for saying billionaires shouldn’t exist
Lloyd Russell-Moyle
One useful point is...
NEF – Somewhere Between Ignorant And Insane
It was Giles Wilkes who pointed out that the New Economics Foundation is really Not Economics Frankly. A contention nicely proven by the latest...
Tautology Alert – The Balance Of Payments Balances
It was Adam Smith who pointed out that there is nothing so ridiculous as worrying about the balance of trade. Because we buy more...
Unpaid Careers Aren’t Worth £762.75 A Week, Nothing Like. £300 Mebbe
The Social Market Foundation wants us to know that an unpaid carer is actually producing economic value of £762.75 a week. This is nonsense....
The EU Are Much Too Modest About Their Products
Clear product labelling is so important – consumers need information in order to be able to make rational decisions about the products they buy...
Amazon, Whole Foods And Conflicts Of Interest
Robert Kuttner seems not to know about how retailing works. Then again, this is Robert Kuttner and business so who is surprised here?...
Tesla Shows Why Keynesian Demand Stimulus Through Infrastructure Doesn’t Work
Let us, just for the sake of argument, agree with Keynesian economists. It is possible for the economy to get stuck at a non-optimal...
How we know that the minimum wage causes job losses
So, yes, obviously, it's just great that employers have to pay a decent wage, can't be allowed to exploit labour, Well, not too much...