economics

Category archives for economics

An interesting article from Timmy, who makes clearly a point I’ve glimpsed muddily recently. Notice that the point stands, even if you happen to like regulation (I think there is far too much). Permit me to quote (fair use, I’m sure): Big business positively delights in much regulation… Capitalism… is indeed all about making profit.…

Non-beardy says “I’ve met the head of Wonga and I’ve had a very good conversation and I said to him quite bluntly we’re not in the business of trying to legislate you out of existence, we’re trying to compete you out of existence” (see-also the Gruan). When I first heard this while driving into work…

I’m sure my headline is over-optimistic. But its certainly looking good, compared to the doom-laden view mid week. And (insofar as I can tell, not having any specialised insight) the correct solution has been found – so much so, that you might wonder why it wasn’t found immeadiately. And that solution, in brief, is to…

What could possibly be a more coherent, convincing and above all evidence-based argument than this? SIR – You were wrong to attack the financial-transactions tax (FTT) that is being implemented by 11 European Union states (“Bin it”, February 23rd). You dragged up the bad experience of Sweden, which ditched its own FTT in 1991. But…

Dorks

I’m referring to the fools trying to p*ss around with how banks pay their staff. It am all over de noos, and to spare the blushes of some of my more delicate readers I won’t refer you to Timmy, you can have the Graun instead: Don’t cap bank bonuses, scrap them. The EU’s plan to…

Equality

The question, which is the better man, is determinable only in the estate of government and policy, though it be mistaken for a question of nature, not only by ignorant men, that think one man’s blood better than another’s by nature; but also by him, whose opinions are at this day, and in these parts…

Banksters

There has been an awful lot of fluff written about the LIBOR fixing stuff in the past week or so. Which is why I looked forward to my friday afternoon at home reading the Economist – in a brief patch of sunshine even – and getting a more considered opinion, and perhaps even some facts.…

Grauniad hangwringing

Subtitle: Rupert Neate is a tosser, since I don’t seem to have done one of my “is a tosser” series recently. Having assailed the nutters yesterday, I feel inclined to have a go at the handwringing going on at the Grauniad; I really do despair sometimes. As Timmy puts it “Fund to buy grain buys…

Watching the Euro

There is a fascinating article from Bronte Captial about the Euro Fix. The story so far, if you’ve forgotten: the ECB can’t be a lender-of-last-resort to governments, because it isn’t allowed to (from memory, the Krauts say No). But in a transparent fix, it is allowed to lend to banks, if those banks put up…

Greek PM drops trousers

Or rather, drops euro referendum plan but the effect is much the same. When the referendum was announced a few days ago, some thought he had played a blindingly good political hand. Which just goes to show that economists aren’t so great at politics and the cobbler should stick to his last. Which is why…