Wednesday , June 20 2018
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Tag Archives: Economics

The foolishness of Keynesian stimulus

The economics of Keynesian stimulus: Spend more money on public services than tax intake People earn more money and spend more money More money earnt and spent means more tax intake Result: win-win… right? Theory vs practice Assuming everyone is taxed at 40%, let’s see how this plays out… Under balanced …

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The Damaging Effect of EU Ownership of UK Industry

We have all read how Foreign and EU companies have been buying up UK companies (See Selling off Britain is not a sign of strength.. and Independent Article). How much does this cost the UK?  What does it cost you and me? Foreign owned UK companies accounted for 50% of all UK business turnover in …

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What is ‘affordable housing’?

I assume most people take ‘affordable housing’ to mean accommodation that is affordable, something that people on average levels of income are able to afford to buy. But let’s go back to basic economics: What determines the price of a property? Although there is a rough correlation in that, if …

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Trumponomics as a viable economic plan?

Donald J. Trump… The Hollow, The Pompous, The Taunting Peddler Aka The 45th President of The United States of America. A man continuously embroiled in controversies. Disclaimer Now let me make it clear, I do not condone any of Trump’s words or actions but for a while I, like many other, …

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Wealth creation is not a zero-sum game

A “zero-sum game” means that everyone’s gains are accounted for by someone else’s loss. Apparently, this is what socialists believe: “Capitalists cannot keep making money forever, because eventually they will have taken all the value from the world and would have to start taking money from the poor.” – Socialism 101 …

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Shouldn’t the rich contribute more?

Richest 1% pay 29% income tax. How much more can we expect the rich to contribute? Shouldn’t the rich contribute more? How much the rich contribute Rich people already contribute more. How much more? Here are some rough statistics of how much tax is contributed according to income bands (from 2012, United Kingdom)… …

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How #Brexit would benefit the UK’s finance sector

Ever since the results of the United Kingdom’s referendum on EU membership was finalised, much has been made (particularly in the City) of the impact on the UK’s financial sector. Indeed, I myself held a similar opinion: Regulatory Passporting: The killer argument against Brexit. Much of the UK’s success in the …

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Corporatism: A Daring Dream, Part II

It was my original plan to publish a three-part series of essays on corporatism. Unfortunately illness set back that plan initially, and so I was planning to make two parts. That plan is coming to fruition in some ways, but even this is going to be a little different to …

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Corporatism: A Daring Dream, Part I

Corporatism is a word with many meanings, and no one seems to know what precisely any of them are. Corporatism is a diverse set of theories, but it should be thought of in purely economic terms. When we think of ‘corporatism’ today, I am sure that most people would think …

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Oxfam and Misleading Statistics

It’s that time of the year again! Oxfam has released its latest Global Inequality Report in which it is made to seem like we live in a dystopian future where all the resources are in the hand of a select few and the remainder of the world is somewhere between …

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Pound Recovers

Unlike the vast publicity given to the sharp, but relatively small, fall in the pound after the EU Referendum, the recent recovery of the pound has had little mention. The graph below charts this recovery: You can check this graph for yourself at XE.COM, a major commercial currency and foreign exchange …

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Have economists and economics journalists sold out?

Those who follow economics now know that the economic “experts” were wrong about their predictions for the period between the Referendum and today.  This has scarcely been covered by broadcasters and this lack of coverage has left many Remain voters believing that an economic disaster is imminent.  The absence of any coverage …

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What would happen if #Brexit was abandoned

Many of those who voted Remain in the EU Referendum are campaigning to overturn Brexit.   Suppose the UK abandoned Brexit, what would happen then? Read on to discover how strong the UK would become within the EU and what would happen over the decade or two after abandoning Brexit. Click …

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Remembering Remain Predictions for #Brexit

Remain economists predicted that a Leave vote in the referendum would produce an immediate meltdown of the UK economy.  The meltdown was the expected result of voting Leave and the “uncertainty” this might cause.  As George Osborne neatly summarized: The predictions were explicitly for the period from the Referendum to actual Brexit …

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Why is UK Productivity not Growing?

The UK economy has been losing productivity relative to historical trends since 2008: The fact that the fall in productivity after 2008 is exactly coincident with the banking crisis shows that it is related to the behaviour of banks.  Bank lending to business has been appalling in this period, the …

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The Conservatives Record On Jobs And Employment.

Since the Conservatives came to power in 2010 we have seen a jobs miracle that has given economic security to hundreds of thousands of people. Under this Conservative government we have seen… The Highest employment rate ever and lowest unemployment rate in 40 years. 3,011,000 more people in work. Unemployment reduce …

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Cut taxes and increase capital investment to boost growth!

Cut corporate tax to 12.5% Slash income tax to 15% and 28% Fully transferable personal allowance £250bn investment over 10 years on infrastructure  Bank of England should adopt NGDP targeting The economy is in pretty good shape, ever since coming into office in 2010 the Tories have increased employment to …

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In 2017 strikes should be illegal

At its very simplest an employee contracts to provide their labour in return for a remuneration package. If that employee then withdraws their labour then they are in gross breach of their contract, freeing the employer to sack them and to sue them for any harm done to the business. …

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