Monumental Fiscal Stupidity

All of the main political parties in the UK agree that government debt is a bad thing. All of them would like to fund 100% of government spending from taxation alone. There are many respectable economists who will tell you that this phobia of government debt is irrational, and I’m inclined to agree with them,…

diagram from Flip Chart Fairy Tales

Fairy Tales

I’ve been following a blog for the the last few months called Flip Chart Fairy Tales, written by a business insider called Rick. His strapline is “Business bullshit, corporate crap, and other stuff from the world of work”, and from what I’ve read so far you get exactly what’s advertised: straightforward analysis of of business…

Here’s another video from Positive Money for those of you who have yet to catch on to the fact that our financial systems are dysfunctional by design. I know lots of people find this stuff dull but if we don’t change the ways that we use money then the financial crises will keep coming, one…

Here’s a nice clear article by Iain Macwhirter about currency options for an independent Scotland. He looks at the experience of Slovakia which entered a brief currency union with the Czech Republic before being forced to go its own way, eventually joining the euro in 2009. He’s careful not to make direct comparisons with Scotland’s…

Here’s an excellent article by Frances Coppola on a late 18th century version of basic income in the parish of Speen in Berkshire, and more general history of poor relief in English parishes at the time. Sadly the perverted “morality” of the wealthy demanding work-for-welfare from the poor is still alive and well today. Consider…

This is an interesting article from David Graeber in which he suggests that much of the “work” we do has no tangible benefit apart from making us feel that we’re part of the workforce. He maybe overstates the case a bit but who hasn’t spent time at work doing stuff that’s utterly pointless? Another good…