Required; the one word explaining Britian’s building misery
In a piece about how the plan - by defining as flood plain and therefore making flood insurance impossible - has just killed off Ell Pie Island, we see this:
We can test these wealth tax revenue contentions
In a piece about how the plan - by defining as flood plain and therefore making flood insurance impossible - has just killed off Ell Pie Island, we see this:
What’s wrong with economics — 5 (Policy)
The illusion that one can be scientific about complex phenomena (such as the workings of economic life) that depend on facts, values and information that we could never ascertain, is a dangerous one.
Queue for the staffed checkout by all means
A useful little example of this free market thing here. The grand freedom is that we, us consumers, bend the capitalists to our will by our actions.
What’s wrong with economics — 4 (Big choices)
Economists believe that, with proper scientific understanding and analysis, they can make policy recommendations to governments that will improve the stability, efficiency, and operation of economic life.
As we keep saying; Jobs are a cost
Good to see that some are grasping this simple concept: Wes Streeting has ordered a “high-stakes” reorganisation of the NHS that will scrap 10,000 jobs in an attempt to free up cash for frontline care.
What’s wrong with economics — 3 (Prediction)
We can’t predict football matches, so why think we can predict the economy? The outcome of a match depends on so many factors: the teams’ structure and support, the players’ motivation, skill health, energy, confidence, ability to spot opportunities, and luck in taking them — and more.
Good policy is good policy wherever it comes from
We spent a decade making the case that the personal allowance - for both NI (both types) and income tax - should be whatever the full year, full time minimum wage income is. We even won the case intellectually but of course by the time it was phased in inflation had moved the target beyond what happened.
A Letter to Sir Keir Starmer MP
Dear Prime Minister,
I am writing to you in my capacity as Director of Public Affairs of the Adam Smith Institute, a leading free market think tank, to congratulate you on abolishing the Payment Systems Regulator.
What’s wrong with economics — 2 (Aggregates)
Mathematics can help economists describe the patterns they see in economic statistics such as total investment, consumption, growth, inflation, and unemployment. They formulate equations to show the correlations between these total (or ‘aggregate’) measures.