Tag Archives: Banks
Oct 27, 2018Posted by on
This week on Facebook: I can’t think of an answer to a financial dilemma constantly driven by political imperatives and am not so conceited that I would ever try to suggest one¹. Regression at my age is a common occurrence and my diffuse dissatisfactions increase day by day, with my belief that the world “is going to hell in a handcart”. On becoming an octogenarian next May what other view would I hold! Perhaps my interest in history is an expression of that regression. I constantly regard events as being a case of “one step forward two steps back” and history replete with stories of debt. Read more of this post
Nov 18, 2017Posted by on
This week on Facebook: Blissful ignorance, Tax Havens and the Paradise Papers —
To each his suff’rings: all are men,Condemn’d alike to groan,The tender for another’s pain;Th’ unfeeling for his own.Yet ah! why should they know their fate?Since sorrow never comes too late,And happiness too swiftly flies.Thought would destroy their paradise.No more; where ignorance is bliss,‘Tis folly to be wise.
Apr 29, 2015Posted by on
The role that economic theory plays in the creation of money — even if understood by a government — is ignored in favour of economic manipulation for the purpose of a fiscal policy. Self interested post war governments have little interest in the social responsibility that Peter Drucker applied to a private enterprise.
“The first responsibility of business is to make enough profit to cover the costs for the future. If this social responsibility is not met, no other social responsibility can be met.”