Venezuela’s Rock For Democracy Subsidy From The US

This is an interesting little footnote to history. The US funded - not with a lot but did fund - the creation of rock...

Robert Reich Is Ignorant – Or Casuistic – Again

Robert Reich tells us the following: By contrast, the United States โ€” with the highest death rate and most haphazard response to Covid-19 of any...

Who Knew That Jonathan Chait Is Ignorant?

Talking about Art Laffer and his curve Jonathan Chait says this: This is not merely a technical objection. It exposes a conceptual flaw underlying Lafferโ€™s...

A Seriously Astonishing Conclusion

This does just amaze. Where do people come up with such astonishing ideas? Improve water supply in poorer nations to cut plastic use, say...

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Marianna Mazzucato Draws Attention To A Forbes Article – The Wrong One

There is a small difference - OK, not so small - between publicity, propaganda, and actual science. The sciencey bit is that you acknowledge...

We Need Your Support

Let us be frank: these are difficult times with uncertain outcomes. Advertising rates have dropped 80% and monthly donations are being cancelled. The work...

The TV License Is A Tax So Why Not Make It Progressive?

We're always going to have a progressive tax system even if not every component of it is itself progressive. Quite apart from Adam Smith's...

Philip Morris Are Just Such Terrors To Release An Entirely Legal Product

Philip Morris is in the business of selling stuff that people willingly buy. Sure, those things are based upon the demon tobacco but then...

Ethiopia’s Telecoms – Competition Is The Value Creator, Not Privatisation

Ethiopia is in the process of privatising the telecoms monopoly, Ethio Telecom. There's a certain amount of licking of lips at the money that...

The MMT Question – So, What Tax Rate Would Solve Zimbabwe’s 500% Inflation Rate?

As we all know modern monetary theory gives us the out against austerity. No government needs to be constrained on what it spends because...

The Idiocy Of Sir Nicholas Soames Over Farming And Imports

Sir Nicholas is the laddie who was described unflatteringly by his first wife. Well, that's not unusual in such cases, there usually is a...

Biden’s Revealing Truth – You Ain’t Black If You Don’t Vote Democrat

Not that Joe Biden put it quite and exactly like that but the effects of age are clearly leading to him revealing some home...

The Laffer Curve Constraint Upon Modern Monetary Theory

A little thought about that Modern Monetary Theory. You know, this idea that government doesn't actually need to tax in order to be able...

If Only Polly Toynbee Actually Understood Numbers

Polly Toynbee wants us all to know that inequality is higher than we had assumed. This coming from a Resolution Foundation report claiming that...

This GDP Stuff Really Matters, You Know?

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It's a commonplace among the mouth breathers these days that Gross Domestic Product doesn't really matter. That economy, it's all just money, for rich...

Reasonably Enough Ryanair Doesn’t Want To Go Bust Through Chargebacks

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There's this thing called working capital, see? You buy something, you do something to it, you sell it. You have to pay the bloke...

People Just Don’t Understand Economic Numbers, Do They?

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Or perhaps it's just journalists who don;t understand economic numbers. Well, journalists and politicians then. An example here being the latest snapshots from the...
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