Tag Archives: Unemployment

UK — Full Employment?


This week on Facebook: In England the Statute of Labourers was issued in 1351 after the Black Death had reached England. Full employment¹ was welcomed by those labourers left alive, often leading to increases in salary and freedom from serfdom for some.

And because many sound beggars do refuse to labour so long as they can live from begging alms, giving themselves up to idleness and sins, and, at times, to robbery and other crimes-let no one, under the aforesaid pain of imprisonment presume, under colour of piety or alms to give anything to such as can very well labour, or to cherish them in their sloth, so that thus they may be compelled to labour for the necessaries of life. Statute of Labourers (1351)

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Welfare UK Style


This week on Facebook: The UK 2010 State of the nation¹ reported on poverty, worklessness and welfare dependency in the UK that: “Over the past 10 years we have seen more and more money spent on the benefits system in an attempt to move people from below the 60% poverty threshold to above it. Expenditure on child-related benefits alone has almost doubled. Yet despite this expenditure, the figures in this document show that this approach is failing.

Income inequality is at its highest since records began; millions of people are simply parked on benefits with little hope of ever progressing into work. high levels of family breakdown, educational failure, addiction and health inequality are having a severe impact on outcomes for both adults and children.” [sic¹] Read more of this post

Are State subsidies eveyone’s burden?


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

Aasof on Fat Cats


This week on Facebook: The collapse of the company Thomas Cook raised the spectre of fat-cats¹. Government folly in its fiscal policy matters has always served the interests of the Fat Cats and which, despite any disingenuous political protests², results in yet another burden on the taxpayer. The collapse of Thomas Cook led to its staff, based in the UK, losing their jobs with the troubled operator. Read more of this post

Aasof on Global Government


Writing The Thunberg Effect prompted next week’s post on Global Government, something that I fear Greta Thunberg and her fanatical supporters would advocate to save the world. Being a fan of sic-fi films, which are mostly dystopian, like Greta Thunberg I hold a pessimistic view on the future of humankind. However, I’m sure that I hold different views on global government than Thunberg.

The reason: Global warming is not about science, but about politics — that is, about expanding the power of elites using the coercive instruments of government to control the lives of people everywhere.  Just as the governing class embraces ineffective Keynesian stimulus spending to justify expansion of government, they now extol AGW as the basis for increasing their power to rule over the rest of us. The Goal Is Power: The Global Warming Conspiracy

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Influenced? Moi!


Next week on Facebook: I am going to add articles on the UK and nuclear energy as a response to my post in 2016 with title Points about Hinkley. UK Government policy is to have a wide mix of energy supplies, so we use nuclear alongside other energy sources, such as gas and solar. Today, nuclear energy generates around one fifth of the country’s electricity, and under current government proposals that include Hinkley Point C, some of our power will come from nuclear sources in the future. Read more of this post

Sunday 28/7/2019


I did consider withdrawing this post, but it has made me look at ‘Measuring Worth‘ in a new light and is useful to me. Specifically it made me consider how complex the issue of inflation actually is in a fiat money world. Especially in the light of the Retail Price Index and the Consumer Price Index that comprise the items making up the UK’s ‘shopping baskets’.

The best that I could do was to measure the value of one pound (UK) using three sequential periods from 1947 until 1970 and from 1972 until 2018. I missed out 1971 as it was the year that fiat money was introduced into the global economy. Even so the cost of inflation to the consumer for a basket of goods not included in the RPI or CPI indices was hard to identify. This is particularly true of groceries that are considered to be a necessary expenditure. Food is approximately 10% of the basket depending on the percentage variability of the other included items.  The following notes below point out that measurements of inflation are based on a fiscal policy that is related to the RPI, CPI indices.

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Public Debt


This week on Facebook: As I posted in Cassandra on debt and as I had previously conclude in my 2013 post Crisis and Credit, the issue of public debt is used as an excuse for a fiscal policy of austerity measures, yet it is private debt that is behind the fiscal crisis. The State (particularly in the UK) does more to encourage private debt than to control it. Conversely the State continues with its fiscal policy of increasing public debt¹, something that I wrote about in Debt, the prolific mother (2012). Read more of this post

What is GDP?


This week on Facebook: I have remarked in my posts rather a lot on Global Inequality, that while there is a lot of media coverage given over to global inequality there is little indication that it has prompted any mass national desire for global equality. The populations of developed nations may well be aware of just how much they share with the other populations in the developed and developing word (at least in terms of a notional national wealth). My post on Global Inequality asks the question, “Just how equal do we want the world to be?”  The answers would suggest that the wrong question is being asked and that — perhaps — those with a large measure of a quality of life should be asked, “What are they prepared to give up?”. Read more of this post

Global Inequality


This week on Facebook: In September 2016 I posted Inequality & Gini Lorenz, perhaps it was this post that led to an acquaintance finding himself embroiled in discussions about (essentially) wealth distribution. This eventually led to my publishing A Quality of Life in July 2017.

Last week my post on Henry George & Global Inequality, convinced me that global equality, or even a national equality, is not a goal that voters in democratic elections strive for. While there is a lot of media coverage given over to global inequality there is little indication that it has prompted any mass national desire for global equality. Read more of this post

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Martin Widlake's Yet Another Oracle Blog

Oracle performance, Oracle statistics and VLDBs

The Land Is Ours

a Landrights campaign for Britain

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...

Ed Conway

Blogs and charts and stuff

Public Law for Everyone

Professor Mark Elliott

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