Annotated Index to Blog Postings
 Monetarism 2— Keynesianism probably does cause Stagflation; but its purpose is to stabilize the labour market, not to stabilize the currency
 — I read with sympathy the efforts of the Austrian/Chicago school of economics to preserve the inexorable logic and simplicity of their discipline, and to defend its relevance. But I cannot help them.
 — With delight I spot the problem of having rich people living amongst us, or one extra problem; they sequester too much of the global money so that is does not circulate properly.
 — Keynes's 'General Theory' is an exciting but frustrating read. This seems generally conceded. I focus on the concept of the 'involuntarily unemployed'.
 — trying to follow Gerardo Coco on the Cobden Centre website. Is the essence of his point that no one interest rate will meet all the needs of this 'indicator'. Which is (presumably) why there are lots of interest rates.
 — Bad for some, good for others. Do we therefore monitor or regulate?
 — Here I revive an old idea; that high rates of interest may be justified to cover risk, but once the principal is paid, the risk vanishes, and the entire period of the debt reverts to minimal rate of interest. Usury. Shylock. Contracts made under duress.
 — Power companies make a lot of money. On the continent they pay big dividends, in the UK tiny dividends, but they grow!
 — voluntary taxes are a bad idea. Anyway, the better-off do pay for their own fuel and for that of the less well off as well. Silly!
 — Our government seem to have bodged that issue (reccommended by experts). Tax rates are a tangle. Seems to me the Scandinavians have the edge on us (again).
 — The "Money Masters" is a polemic against bankers. 'Positive Money' is a pressure group against bankers.
 — 'Positive Money' advocates a real Ring fence; but their suggestions seem to me to be unrealistic. Danish banks score better than ours in regard to clarity; and Danish pensions yield 50% more per 1£ invested. Connection?
 — First statement of my modification of the way interest is calculated. Is it essentially "Islamic Banking"?
 — The shareholders seem to think their dividends will go up with a rise in the cost of feedstock. That is funny! Are customers being taken for a ride?
 — This sees 'worker participation' or 'Mitbestimmung' as in Germany and Sweden as the way to reconcile capital and labour.
— There are two 'cost of living' indices. Why do they differ, and which is better?
— I try to decide whether we should clamour for more government spending to tackle the recession. Not convinced at this stage (mid 2012).
— What exactly is bad (for the country) about having wealthy people, and why must they be heavily taxed?