Thursday , July 29 2021
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Economy

Who pays?

Unlike the majority of European states, the UK is much more dependent upon occupational and private pensions... which is fine on an infinite planet where a growth rate of five percent or more can continue forever.  Unfortunately, that is not the planet we live on.  And much of the supposed wealth locked up in pension funds was used to keep the global economy from collapsing after the 2008 crash.

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Climate change relegated

A little over a year ago, there was a meme circulating on social media that went something like this: Replace ‘The Economy,’ with ‘rich people’s yacht money:’  How can we respond to Covid without damaging rich people’s yacht money?  How can we respond to climate change without damaging rich people’s …

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The everything death spiral

Inflation is back in the establishment media headlines, as prices are rising across the economy.  But rather like generals fighting the last war, business and economic journalists are dusting off models of inflation last used in the early 1980s.  The idea, for example, that “inflation is always a monetary phenomenon” …

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Both of these stories can’t be true

Yesterday I wrote about the way a lack of short-term stability was impacting the economy.  Because of the lack of a defined end state for the pandemic and as a result of the ongoing threat of further government lockdowns and restrictions, businesses cannot make investment decisions and households cannot decide …

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How to ruin your economy

Fifteen months ago, those of us who cautioned against a blind rush to lockdown the economy were accused of “putting profits ahead of people’s lives” (I am in the at-risk, “shielding group” by the way). Today, the early manifestation of the economic crisis we warned about is appearing in the …

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You’ll own nothing and you’ll be f**!ing miserable

A year ago, with the jet stream firmly to the north of us, the future looked bright.  Lockdowns had an “off school early” feel to them, as millions of non-essential workers were sent home either to work via the internet or to spend their days binge-watching Netflix.  Just the fact …

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When the bill falls due

Back at the beginning of the pandemic, anyone who cautioned against a widespread lockdown was accused of putting corporate profits ahead of human lives.  And in the UK at least, public support for lockdowns as a means of safeguarding the vulnerable has remained solid to this day.  Nevertheless, and despite …

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A crisis of profitability

The trouble with “common sense” is that it is wrong more often than it is right.  And today’s common sense – based on the experience of the 1970s – is that the massive volume of currency printed into existence in response to the pandemic is about to erupt into an …

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About those chickens…

When you see the same story repeated, almost verbatim, across the establishment media, you can be sure you are dealing with some kind of soft propaganda.  No, this is not some kind of conspiracy theory.  It is merely the observation that in the era of social media, traditional news outlets …

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Signs of things to come

What do the gig economy, European football, and thefts from cars and churches have in common?  At face value, very little; but each, in their way provides a warning sign of how our economy will attempt to respond to the growing crisis of surplus energy. For those readers not familiar with …

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