Tag Archives: Unemployment
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
Sep 29, 2019Posted by on
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
Jul 28, 2019Posted by on
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.