The Circular Flow of Nonsense
To all with an A-level in Economics, the Keynesian circular flow of income will be familiar. It is a representation of the macroeconomy, including the household, the firm, the global economy, the banks, and the government.
Injections are often represented on this diagram by a green arrow and they include consumption, investment, government spending, and exports while leakages are often represented by a red arrow and they include savings, taxes, and imports. While consumption is sometimes not included in the list of injections, injections are defined as expenditures on aggregate production, that is, money flowing into firms. On the other hand, leakages are defined as non-expenditures on aggregate production.
by Amanda Vigar
Every day small businesses across the land are acting as unpaid administrators for HM Government and the burden is getting bigger and bigger. Looking at the time that I have spent in the last 12 months: Read more
by Godfrey Bloom
We finish the annual party conference season a bizarre gathering for the benefit of activists who enjoy a monster knees up and party leaders who require their biennial adrenalin fix of adoring sycophants. Make no mistake; this is addictive to the very ordinary people who lead political parties. Interesting none of them played team sports at school or have military service, so the experience is particularly novel.
by Stewart Cowen
Why Do the Poor Demand the Rich Pay More Tax, Rather Than They Pay Less?
The answer might seem obvious, that the more the rich pay the less the poor have to pay.
Let’s get one myth out of the way. The one which says that taxing the rich ever higher amounts leads to greater and greater tax being collected. When you keep increasing tax on the ‘rich’ your total tax take falls, because the seriously rich will live in another country or find another solution to escape the robbery. Read more
LPR Activists Picket Dutch Embassy In Support of Toine Manders
Members of the Libertarian Party of Russia (LPR) organized a series of one-person pickets in front of the Dutch Embassy in Moscow in support of Toine Manders, the former leader of the Dutch Libertarian Party kept in custody since the end of January. In January 2014 Manders was arrested in Cyprus on vague and, we have reasons to believe, trumped-up charges and extradited to the Netherlands where he has been kept in custody all the while. On March 4, 2014, a Dutch court extended Manders’s detention by another 3 months – still on the slurred charges of ‘unlicensed consultancy activities’. The picketers also handed the following letter to the Dutch Ambassador Ron van Dartel from the Chairman of the LPR Federal Committee Andrey Shalnev. Read more
by Richard North
UK politics: at war with the people
The Money Advice Trust, via The Daily Telegraph and others has established that local authorities in England and Wales last year referred debts to bailiffs on 1.8 million occasions.
These debts include council tax arrears, business rate arrears and parking fines, with councils claiming that bailiffs are only ever used as “a last resort”. Read more
by Rodney Atkinson
Business rates are destroying the High Street and the savings of decent people who have invested in their local communities.