Tag Archives: Social Welfare

MPs’ Pension and Yours


This week on Facebook: Having decided to delve into the realm of pensions it came as no surprise to discover that politicians spend a great effort on their own sinecures but compound the self created pensions dilemma that successive governments have imposed on others. Read more of this post

Fiscal Policy and the NUM Pension Fund


This week on Facebook: Last week’s post was about pensions  and the political fiscal chicanery that successive governments have adopted to steal pension funds and hide their connivance in keeping public sector pensions ‘off the books’. On Sunday I posted a short exert from the television series ‘Yes Minister’, which indicates that the public sector pensions deficit is not a new political issue. What is rarely written about is the financial burden of the funds required to service the pensions of politicians, but perhaps more importantly, how the pensions and contributions of politicians are not subject to the same vagaries as other pensions. Read more of this post

The Lammy Review


This week on Facebook: The Lammy Review¹ — An independent review into the treatment of, and outcomes for, Black, Asian and Minority Ethnic (BAME) Individuals in the Criminal Justice System — caught my attention this week. Eventually I realised that there were (at least) two ways of interpreting it, primarily, either it was ‘Review’ that could be ignored unless it lead to a further ‘Report’ requiring political action, or it was a ‘Review’ the outcome of which was the ‘Report’ set by the review’s terms of reference. Calling the ‘Report’ a ‘Review’ was not helped by my inability to find a definition by the UK government that differentiated between the two, my cynicism leading me to conclude that describing it as ‘an independent review’ is civil service Mandarin for ‘file and forget’. Read more of this post

Drucker & Social Responsibility


This week on Facebook: Last week in It’s only money! I quoted Peter Drucker, for those who may not be familiar with his works, and perhaps the younger millennials in particular, this week is devoted to my take on the man. On his death (aged 95) in 2005 he was described by a Bloomberg Business Week article as The Man Who Invented Management, I much prefer the subheading ‘Why Peter Drucker’s ideas still matter’. Read more of this post

It’s only money!


This week on Facebook: Trying to use last weeks post on Criminals & Taxation as a link to those that may follow at some point proved to be very difficult, the reaction of a public administration’s response to economic failure is more akin to investigative journalism than a short, singular, post. So this week I focused a little bit on factors relating to Government economic policy, with particular reference to Social Security and taxation in the UK. My post last week last week illustrated some of the financial disasters that can occur when a public administration overreaches its level of competence. In an earlier post on Debt & Taxation (2013) I began: ‘The role that economic theory plays in the creation of money and the role played by all politicians in the manipulation of economic theory for the purpose of a fiscal policy, bear little relationship to the social responsibility that Drucker applied to a private enterprise.’ Read more of this post

Cryptocurrency, mercantilism and authoritarianism


This week on Facebook: The rise in value of cryptocurrency may be likened to an economic bubble but it is a bubble created as a result of government debts using fiat money. Last week I wrote about cryptocurrency bubbles and money and four weeks ago about the rising cryptocurrency, which led me to conclude that this is more than a speculative bubble. The rise of cryptocurrency is likely to have far reaching consequences regarding today’s governments and the money supply it attempts to control. Read more of this post

All that glisters…


All that glisters is not gold… [The merchant of Venice — Act 2 Scene 7]

Finding an article that included a simple link to cryptocurrency in support of my linking sixteenth century Spanish bullion to modern mercantilism and the desire of a sovereign power to maintain authority over what is now its fiat money was difficult. I eventually concluded that I had write my own. Debasement of the currency is the inevitable result of abandoning a monetary standard¹ that limits the money supply (or commodity money), giving credence to Keynesian economics and Modern Monetary Theory (MMT)². Read more of this post

Zero Hours Contracts


This week on Facebook: At one of my monthly pie and a pint meetings with a friend (who is also ex-colleague), experiences in our own families had made us both aware of the difficulty in finding some form of permanent or at least longer term re-employment. This led to the subject of zero hour contracts and my subsequent research into them. For a couple of retired ex-civil servants who remembered the post WWII boom in full employment, the realities confronting those seeking employment in today’s commercial climate were brought home (quite literally) to both of us.  Read more of this post

Plus ça change


This week on Facebook: My five reprises this week reflect the epigram Plus ça change, plus c’est la même chose. The epigram is probably familiar to most of my generation and needs no translation (Google it), but perhaps some of my family may read my reflections so it was a somewhat cynical remark that translates as, “The more things change, the more they stay the same”. Jean Baptiste Alphonse Karr (1808-1890) wrote this epigram in the January 1849 issue of Les Guêpes (“The Wasps”), the year following the European 1848 Revolutions.  A number of broadsheets¹ at the time extolled or attacked the presidential candidates General Cavaignac and (most of them) Louis-Napoleon, both of whom Karr described as Les Guêpes.

Read more of this post

The Scramble for Growth!


This week on Facebook: Is prosperity and wealth the same thing I wonder.  My conclusion is that it depends on how you define each word and who that definition applies to. Oxfam¹ thinks that $8-coffee-drinking millennials with student debt are amongst the world’s neediest and they are if you define wealth without taking into account its context. A millennial who indulges in an $8 cup of coffee may not be wealthy but is certainly prosperous.

The World Economic Forum is less attention grabbing in its report² but both reports highlight the potential of persistent long-term trends, such as inequality and deepening social and political polarisation. Trends that exacerbate risks associated with, for example, the weakness of the economic recovery and the speed of technological change. Read more of this post

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The Bulletin

This site was created for members and friends of My Telegraph blog site, but anyone is welcome to comment, and thereafter apply to become an author.

TCWG Short Stories

Join our monthly competition and share story ideas...

The Real Economy

Hello, I’m Ed Conway, Economics Editor of Sky News, and this is my website. Blogposts, stuff about my books and a little bit of music

Public Law for Everyone

Professor Mark Elliott

Bleda

Am I my Brothers keeper?

An Anthology of Short Stories

Selected by other writers

davidgoodwin935

The Short Stories of David Goodwin (Capucin)

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