Category Archives: Uncategorized
Feb 15, 2020Posted by on
This week on Facebook: The NHS¹ is no more guilty of holding the country to ransom than any of the ‘other’ subsidy that contribute to the government’s deficit financing policy. However, it does provide a simple answer to my question, “Are State subsidies everyones burden?”. For example I had occasion to attend A&E recently and had to wait until my local one opened its doors (it now closes during the night). My ‘accident and emergency’ was prompted by my dropping a drill on my foot. A&E offer a free service (in the sense no money changes hands), similar to freebies given by the nurse or doctor at the General Practice. My point is that neither is a ‘free’ service. Whatever the freebies provided, or time spent on the consultation — both influence fiscal policy. Read more of this post
Jul 27, 2019Posted by on
This week on Facebook: I was born on May 21 1939; lived through the WWII, saw my dad come home from it, soon to be sent to Palestine, which he talked about a lot less than WWII. I joined the RAF in 1956 and left as a civilian in 1969, from 1969 to 1995 working mostly in the civil service. I classified myself on social media as belonging to the ‘fortunate generation’, in that I never experienced a real war and did experience what is called the economic growth of the post war years. I also experienced the economic decline that I first began to notice in the 1970’s and which (due to various reasons) has continued ever since. Read more of this post
Oct 21, 2018Posted by on
I changed the last line from ‘on the high street’ to ‘online’!
Dendry Machin won a bet and became a capitalist. It may be more correct to say that he became a rent collector and moneylender, both opportunities made possible with his newly acquired capital. Capital that enabled Dendry to become self employed as a rent collector, which provided him with an income and allowed him to preserve capital. It was the money-lending that provided an opportunity for Dendry to increase his wealth by investing his capital and accruing interest on his investments. Like all financial ventures the opportunity was not risk free – quite the opposite – Dendry set upon a very high risk financial venture. He loaned money to the poor.
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Jun 24, 2018Posted by on