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Archive for May, 2017

Has your future MP seen this image?

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Neighbours are turning against each other, people are blaming migrants for the lack of secure jobs, and hate crime’s on the rise. Our politicians and banks have created a totally unbalanced and dysfunctional economy, and it’s breaking our society.

Vince RichardsonGreat idea ....done it,.I advise everyone to take a couple of seconds to do this...

May 2017
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James MurrayProfessor HuberAcademically, a well written, internally sound, riposte to the Bundesbank’s paper, "Remarks on a 100% reserve requirement"But an absolutely dreadful piece to appear on a blog and PM should be ashamed of allowing the piece to be published on these pages.Look. The object of a blog is ...

June 2017

WesThe longest journey (Buba's admission) begins with a single step. Despite the many misconceptions perpetuating the Banking School myths, at least the journey has begun. Bravo for a well written response. I wonder if Professor Krugman will run this through his "dashboard"? A critical mass of public a...

May 2017
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medialAxis"If the machine owners do not pass on most of the cost savings, then their machines need to be taxed to support general society."Yes. AISI, if their proportional gain is greater than the workers then over time, with further gains in productivity, the gap between machine owners and workers will widen...

May 2017

SimonVery good point David. In theory, extreme automation should reduce the cost of everything so less money is needed. If the machine owners do not pass on most of the cost savings, then their machines need to be taxed to support general society. Maybe land value taxes need to be considered, and restrai...

May 2017

medialAxisHere's a very simple puzzle about increased productivity I've posted elsewhere:The 100 villagers work in the fields earning £40/wk (£1/hr) with which they buy the crops they grow and convey to the market each week. They decide to fix the potholed roads and for 5 of them to maintain them full time....

May 2017
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Lucian AerisSpot on....

May 2017
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