The Concept Of Kitchen Sinking

1
Boeing's results are just coming up and the question is, well, how much is the new CEO going to insist upon as provisions against...

People Are Worrying Far Too Much About Corporation Tax

7
This idea of a digital tax to replace corporation tax is a bad one. Simply because corporation tax itself is a bad tax. The...

Sorry MMTers – Banks Do Not Create Money

14
There's a much easier manner of explaining why banks don't just create money. Which is to note that there are different types of money....

The Problem With Peer To Peer Lending

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There's only the one major problem with peer to peer lending. It doesn't work. The peer-to-peer industry has been dealt another blow after lending firm...

How We Know That Avinash Persaud Is Blowing Smoke About The Financial Transactions Tax

0
It's possible to the actual work on a financial transactions tax and prove that it's pensioners that pay it, it shrinks the economy, doesn't...

Nick Shaxson Entirely Misses The Point Of Comparative Advantage

2
Sure, we can forgive people for not grasping the point or detail of comparative advantage. It is, after all, the only non-trivial and non-obvious...

WeWork As A Proof Of The Efficient Markets Hypothesis

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The little jokule about the efficient markets hypothesis is that Eugene Fama got the Nobel for proving it, Lars Hansen for doing the maths,...

Why Invest So Little In Property?

1
The Questor column in the Telegraph outlines how property is "the best income asset". Yet they allocate only a small portion of their model...

Muddying the Waters

4
Here in our dismal pit, we perked up a bit as we read the following headline in the Grauniad: Clarity on Burford Capital is needed...

Blimey, Banks Close Branches In Poor Places, Not Rich Ones

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The Guardian seems to have a certain difficulty in understanding what a bank is, what a bank is for, here. It's a mechanism by...