Chile, Sweden or bankruptcy
No economist thinks the present UK pension system is sustainable. More is promised than can be afforded.
We’ve tested Modern Monetary Theory and it doesn’t work
As with all theories the big test is when we run the idea against reality. It’s always reality that is right.
Why Russia’s Post-Soviet Market Transition Failed
Post-Soviet Russia is often cited as an example of the failures of capitalism. But this misses the point.
John Cleese and nostalgia
John Cleese says the England he grew up in has gone, and with it the civilized courtesy and rhythmic way of life. But there a case for saying he has overlooked some of the bad aspects then, and that in some ways life is better today than it was then.
Running out of money? Spend more!
So says the New Economic Foundation: We are approaching a fundamental choice: do we continue trying to appease the markets by clinging to a set of self-imposed constraints that block the kind of spending needed to improve living standards and revive growth?
Fool me once, shame on you, fool me twice shame on…..
Fraser Nelson tells us of how bad the national debt situation is. Much of which is spot on.
Close enough for jazz
In June, PRS said it paid out a record £1.02bn to rights holders last year, up 8% on 2023, beating its five-year plan to top £1bn by 2026.
Now then children, can we say “Crowding out”? Yes, good, that’s right, crowding out…
It is not necessarily true that more government means more of the thing government is now additionally doing.
It’s amazing how bad politics is at economics, isn’t it?
We’ve had a Nobel Laureate in economics, one who gained his NL for his study of taxation systems.
Encouraging small and start-up businesses
One of the problems faced by small and start-up businesses is that they face a body of regulations designed for businesses as a whole, despite the fact that the small ones find it difficult to cope with the cost of compliance.