Youth unemployment in Western Europe and the Anglosphere appears to be becoming chronic. A bit like that summer cold that just won’t go away, yet it is not a global phenomenon. Some of the causes must be assessed. They...
I make no apology for returning to my hobby horse, money. What is it? how does it work? It is not difficult but it seems journalists struggle with it, as do bankers and politicians. It is a commodity that...
I spent 40 years with City institutions, I am so glad to be out of it, I retired in 2004 . It is impossible to value assets in any realistic way. As a neo Austrian economist I understand well...
Offshore, What’s it All About? There is much in the news at the moment about offshore companies, tax avoidance and tax evasion. There is no merit in exploring tax evasion which is a crime, and needs to be dealt with...
In 2017 the United Kingdom will face its first serious constitutional dilemma since the Glorious Revolution of 1688. A bloodless coup removing the Stuarts and once and for all installing the constitutional monarchy and parliamentary democracy we enjoy today....
Greece has been adopted as a cause célèbre by euro sceptics who have portrayed the debt situation as an example of EU and ECB bullying, an assault on democracy and the Greek people. This is quite natural, politics is...
The electorate of the industrial democracies broadly seem to accept the role of the State in every aspect of their lives, education, health & pensions being prime examples. This is largely unchallenged by modern press, media and politicians. No...
What is a ‘common currency’? It is frustrating to hear Eurosceptics argue that the common currency is the source of Europe’s woes, there are indeed many causes but the euro is not one of them. I have already written a...
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The Fiscal Gap

I wonder what would happen if our bank manager called us in because he was worried about our spending.  The Chancellor of the Exchequer of course has no bank manager in the way we do.  But he has a...
There has been more wailing and gnashing of teeth this week because Google has not paid its ‘fair share’ of tax. We heard much the same about Starbucks & Amazon, it’s a story that comes around every few months...

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