Category Archives: Uncategorised

Ways and means

Let’s say you’ve promised to hand out more money than you possess (e.g. the new Chancellor), one solution is to ask The Bank of England if there are ways and means to fulfil the promise. The bank will mention an … Continue reading

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When is a debt not a debt?

The answer might depend on its size. If it’s large enough, for example as incurred by the NHS, then £13.4 billion could be re-classified as “public dividend capital” which, apparently, is an asset. Think of it as an equity investment … Continue reading

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Remote yet near

Desperately seeking any silver lining, a short video arrived of the grandchildren engrossed in “home school”. Then reading that a company called “Future Learn” has signed more than 80,000 people to Covid-19 courses designed by the London School of Hygiene … Continue reading

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Monetary financing (C19)

Heard of monetary policy and fiscal policy. But what’s this? Central Bank prints the funds that the government needs for its spending plans. Think 1920’s Germany (cartoons of wheelbarrows full of paper money). Not to be employed – yet. Where … Continue reading

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History Lesson

Some thoughts on the March 2020 oil price war and Covid-19 pandemic.. Suckers sell, spivs clean up Here we go again Shorters dining at the Ritz Clear as day from candlesticks They say a virus started it fuelled by Saudi/Ruski … Continue reading

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