Conservative economic policy is easily recognised when stated as balanced budgets, low taxes and sound money. Today, these are a distant prospect. For all the work the Government have done, this year’s net financing requirement is £144.9 billion, larger than the health budget (£140bn) or education (£98bn). As my weekend brief […]
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Book review: Ouch! Ignorance is bliss, except when it hurts…
Once I saw George Selgin referenced on page 7, the paper dollar criticised on page 8 and a Zim$100 trillion note on page 12, I knew I would enjoy Ouch!: Ignorance is Bliss, Except when It Hurts- What You Don’t Know About Money and Why It Matters (More Than You […]
Read MoreAutumn Statement chart of the day: tax and spending
The economic facts behind the Autumn Statement, in as far as they are known or forecast, are available in the Economic and Fiscal Outlook from the Office for Budget Responsibility. Table 4.7 provides forecast current receipts. Table 4.18 provides total managed expenditure. So, here’s a chart of current receipts (i.e. tax) […]
Read MoreBuffett’s $5 billion ‘vote of confidence’ in Bank of America » The Cobden Centre
Warren Buffett is the most successful investor on the planet and a very smart fellow. His core team also gave me a job in October 2000 at GenRe Financial Products, and I have always held him in high regard. He has invested $5 billion in Bank of America on 25th […]
Read MoreMust read, paywall or not: Fame & fortune: Why I bet the ranch on cattle
In today’s world it’s impossible to be a saver. You’re forced to be a speculator because cash is being undervalued by governments through quantitative easing (QE) [printing money]. I buy hard assets, such as commodities, although there are few bargains anymore. via Fame & fortune: Why I bet the ranch […]
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