Our politicians, the economists who advise them, and the journalists who report their words and deeds tell us over and over again that our country is “living beyond its means” and the government will “run out of money” unless it “balances the books”. We’re told that government spending is restricted to the amount of money…
Originally posted on The London Economic:
By Mary Mellor, Emeritus Professor, Northumbria University George Osborne’s Autumn Statement was a classic espousal of handbag economics, so named after the saint of the handbag, Mrs Thatcher. Handbag economics is the common sense of our age. Public sectors are like households, they must live within their means, balance their…
Another economist catching onto the idea of a a universal basic income. John Aziz, writing for The Week, argues that minimum wage is a flawed concept that should be replaced by a universal basic income, which solves the problem of low wages as well as getting rid of welfare benefits and the huge unproductive government…
Just finished reading Blossom by Lesley Riddoch. It’s an account of Lesley’s investigations into various aspects of Scottish life over the years and her analysis of what needs to happen to allow the people of Scotland to flourish. The topics that she covers could easily have dragged the book down into the “worthy but dull”…
This is a good video from Jon Krajack, exploding the myth that government debt and deficits are a problem. If you follow it to the end you’ll discover that without government deficits there would be no private sector surplus – no savings for you and me, no spare money for business investment. You’ll also find…
Views From The Boatshed 