Tag Archives: government

USA: The budget (a history)

This week on Facebook: Just before Christmas I commented on an article posted on Facebook [see Facebook — The Nation] — not something that I do very often as comments on the election that resulted in Donald Trump being nominated President of the USA and the outcome of the Brexit referendum are for the most part simply (to my mind) the ravings of the disaffected. In this case I did listen to the related podcast giving rise to the leader by Robert Reich: Why Republicans Are Wrong About Taxes, commenting that Robert Reich may well be wrong. Read more of this post

Down on the farm

This week on Facebook: I have posted some articles on factory farming, also known as intensive farming as it applies to the maintenance of livestock, a really difficult subject area that is compounded by global economics. The availability of meat in developed economies has hidden the real cost of its production both in terms of animal husbandry and environmental pollution. A world with the seemingly inexorable growth in the global population and its desire for affordable food, especially meat, would seem to be leading towards not only an environmental catastrophe but an increasing lack of human compassion. Read more of this post


This week on Facebook: With the election of new President having taking place in the USA on Tuesday and the global obsession with the outcome becoming a reality, I didn’t expect my articles to be widely read. So: belonging to the economically obsessed group, I posted reprises on some of my past observations. However I am not an economist or financial advisor,  nor do I claim to write with any personal professional authority.

I have thought that I should post on such matters as Cassandra  – a metaphor for cases of valid alarms that are disbelieved — and just maybe, a Trump victory in the USA presidential election will bring some reality to global economics. As painful and inflationary as that may be this global economic bubble has to burst sometime. Read more of this post

Global Tenterhooks?

This Sunday of Facebook: Despite having said to my wife that the election of a new President is entirely up to the electorate in the USA, which it is — whatever the rest of the world thinks — nevertheless I couldn’t resist having my say. Not being aware that the date for the election of a new President in the USA is next Tuesday, I am posting a selection of my intended articles today. Read more of this post

Free Trade Isn’t ‘Free or Fair’!

This week on Facebook: It would seem that the people of Wallonia determined what it was that made the world go around. At least for the EU, Canada, and a free trade deal. It was enlightening to see how the result of a democratic process that is not (necessarily) shared in other democracies could send the media into such a spin. When I wrote Free Trade — not so transparent I concluded that, Perhaps the lack of transparency in these Free Trade Agreements means very little if we assume the continuation of any discretionary income we may have, our ability to spend it where we will and its value of exchange is to our advantage. Read more of this post

Fleeced Again!

This week on Facebook: Being somewhat surprised by the scale of the political incompetence (although political connivance would fit equally well) that I came across in last week’s article on pensions, I decided that this week I would look a little deeper. I found that the sorry saga continues with perhaps the only positive slant that could be put on it would be that of politicians caring for their own stipends.  Read more of this post

Points about Hinkley

This week on Facebook: A conversation with a friend drew my attention to Hinkley Point and the cost. In researching the cost of what is termed Hinkley Point C nuclear reactor the estimated construction costs alone are running at £18 billion and rising. Finding an estimated overall project cost on Hinkley Point C nuclear reactor — from conception to decommissioning — is very difficult as those financially involved in the project are quite coy about pricing. Read more of this post

Helicopter Money

This week on Facebook: Sees me return to economics, yet more history and the despair of an old man who — like all old men before me — thinks that the world is going to hell in a handcart. My first instinct was to ignore articles on helicopter money as it being something that I was incapable of having an influence on (which is true) and finding myself totally confused by the rationales offered by economists and politicians. Nevertheless, the notion of helicopter money made me think of some historic precedents that I believe are valid allusions to its use. Read more of this post

Political Correctness

This week on Facebook: An acquaintance in the USA remarked, with barbed facetiousness, on political correctness (PC). Having decided to address PC this week I was surprised (although I shouldn’t have been) at how difficult it was to find articles that weren’t accusing the US presidential candidate Donald Trump of incorrect PC in very non PC terms. Even dismissing these articles, I didn’t find many that objectively addressed the PC issue but there were plenty that invoked the PC argument to suppress freedom of expression. Read more of this post

Green and Fiscal Ineptitude

This week on Facebook: The media are full of self-righteous indiction about Sir Philip Green and the BHS scandal, particularly when taking some moral high ground on the issue. Successive governments have always use other people’s money to fund their fiscal profligacy be it financiers or taxpayers, while those in government remain financially immune from their own ineptitude. Their financial consequences are avoided by governments, their financial advisors and bankers placing an ever increasing burden on the taxpayer. Governments run budget deficits that can never be large enough to repay the national debt but large enough to cover interest payments on monies borrowed (at least at the moment — countries do default). This borrowing includes the issue of gilts, the government’s legal Ponzi scheme, where future interest is guaranteed by yet another burden on the taxpayer. Read more of this post

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