Good economic news at last: The US economy grew at an annualised rate of 3.3 per cent in the second quarter – faster than previously estimated by the government and a stronger upward revision compared with economists’ forecasts. read more | digg story
Read MorePost Tagged with: "economics"
The modern-day Malthusian: resources vs simple arithmetic
Bumped up from first posting on 17 Dec 2007, as I reflect again on sustainability. See also Wikipedia for an introduction, Jancovici for a summary of a classic treatise, and Friedman for an alternative, if now old, perspective. Albert Bartlett: The greatest shortcoming of the human race is our inability […]
Read MoreSharp US money supply contraction
An unprecedented fall in broad money growth in the USA makes for an unhappy set of economic indicators. read more | digg story
Read MoreTelegraph: “Governments caused the credit crisis”
At root, this crisis was caused by state error. Governments and economic ideologies rigged the system in favour of debt. City and Wall Street banks were pushed into behaving with reckless abandon. They took part shamelessly, of course. But their antics were merely symptoms of a deeper problem. Time for […]
Read MoreContinuing a study of money
In continuing my sometimes-reported study of money, I have been reading Milton Friedman’s “Capitalism and Freedom”. After dismissing a thoroughly automatic commodity standard, chiefly on the grounds of practicality, Friedman moves on. Reviewing the establishment and effects of the Federal Reserve System, he writes: No sooner was the [Federal Reserve] […]
Read MoreThe New Freedom by Woodrow Wilson
A fascinating book, by the 28th President of the USA, available online: There has come over the land that un-American set of conditions which enables a small number of men who control the government to get favors from the government; by those favors to exclude their fellows from equal business […]
Read MoreSupport for euro in doubt as Germans reject Latin bloc notes
Apparently: Many have kept a stash of D-Marks hidden in mattresses to this day. A recent IPOS poll showed that 59pc of Germany now had serious doubts about the euro. So now the Germans do not have confidence in their currency? Not something to celebrate: a sensible fix for Europe […]
Read MoreNew rules for credit rating agencies
Some blindingly obvious holes in the rules patched, perhaps a little late! read more | digg story
Read MoreEU to act over UK budget deficit
At once dreadful and magnificent. Dreadful that we are in this mess, particularly after so many years of listening to talk of prudence. Magnificent in its illustration of how our great country is now subject to foreign powers. What a pity we are not having a referendum on the Lisbon […]
Read MoreTelegraph: “We will foot the bill for banks’ excesses”
Is it time for ordinary people to ask how the world’s system of money works? Consider the words of Wright Patman, a US democratic congressman and Chairman of the Committee on Banking and Currency, 1963-1975: I have never yet had anyone who could, through the use of logic and reason, […]
Read More
![😡 A wise building site carpenter once said to me,
🗣️”A Labour government is the worst kind of government for the working man [and woman].”
🇬🇧 True then. True today. We battle on.](https://www.stevebaker.info/wp-content/uploads/2024/05/442413775_18432903037051538_3387178564604183858_n-320x320.jpg)
![😡 A wise building site carpenter once said to me,
🗣️”A Labour government is the worst kind of government for the working man [and woman].”
🇬🇧 True then. True today. We battle on.](https://www.stevebaker.info/wp-content/uploads/2024/05/442413775_18432903037051538_3387178564604183858_n.jpg)
