Merryn Somerset-Webb at Money Week making some good points about the (probable) wasted opportunity of Scottish Independence.

I Love Zero Hours Contracts

I have been self-employed for the best part of 30 years. If I’m not doing something that a client has agreed to be invoiced for, then I don’t get paid. That’s a whole working life on zero hours contracts, and I wouldn’t have it any other way. I can pick and choose who I work…

Benefits Rage: Getting Things Into Proportion

The UK government has been very successful at promoting the idea that our system of welfare benefits is at the mercy of legions of scroungers who are cheating the taxpayer out of vast sums of money and thereby contributing significantly to the annual deficit. The resulting “benefits rage” provides a very effective smokescreen, helping to…

Great article by John Aziz explaining why you can’t get a return on hoarded, idle, stagnant money during a recession. For an economy to thrive money has to be used to fund productive activities. Recession is caused by too much money rotting in bank accounts.

This article via Positive Money is gratifying. Looks like Frederick Snoddy came to similar conclusions as myself back in the 1920s. Especially that one of our biggest mistakes is to pretend that money = wealth. The article is also good on the utter failure of orthodox economics.

Who Cares If The Rich Get Richer?

This article by Tim Harford in the Financial Times tells us that the gap between rich and poor has grown significantly over the last few decades, and suggests that the trend is self-perpetuating: the bigger the gap the easier it is for the rich few to become richer and fewer. Tim reckons that the free…