Economy

The economics of every era is a plausible myth… persuasive, common sensical, and wrong

The UK government is about to commit monetary seppuku

There is a word that sums up the trends now emerging in the UK… stagflation.

We find ourselves in the early stages of a new Age of Shortages

One reason why we are at increasing risk from crumbling infrastructure is that maintenance is not really in anyone’s job description.

The official inflation rate has nothing to do with an oversupply of money. It is the result of too much taxation.

The loss of 10 percent of deliveries in a complex just-in-time system was all it took to initiate a “cascading collapse.”

The crises breaking over our heads have been decades in the making

In recent years, government budgets, spring statements and spending reviews have tended to unravel within hours.

“Gougeflation” would be a more accurate term...