Category Archives: Economics

Overseas Aid: Britain 1948

Posted on August 15, 2014 by odeboyz

David Cameron’s coalition government set a target for overseas aid in 2010, which is the central motif of his government’s humanitarian policy. His plan is to budget 0.7% of GDP annually and maintain that in a growing economy. Consequently the … Continue reading →

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Fluid National Identities, 1919- 2014

Posted on July 18, 2014 by odeboyz

Because of the stunning success of the Act of Union, 1801, British people have had 213 years of relative national stability. Britain has been stable whilst the rest of Europe has been a cauldron of fluid national identities. This stability … Continue reading →

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The United Kingdom: a brief history

Posted on July 3, 2014 by odeboyz

The UK was created in 1801 after a 198 years of blood soaked history. In those 198 years there were five civil wars and long periods of civil unrest and vicious repression. Once the UK was established the 19th century … Continue reading →

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How economists use the word ‘only’

Posted on June 3, 2014 by odeboyz

“The poorest half of the population still owns nothing… the wealthiest 10% now own only two thirds of what there is to own rather than nine- tenths.” Thomas Piketty Capitalism in the Twenty- First Century

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Economic Theory: a joke

Posted on May 6, 2014 by odeboyz

How many economists does it take to change a light bulb? None. If the light bulb needs changing the market will do it.

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The 9/11 Massacre: a statistical comment

Posted on April 25, 2014 by odeboyz

In 2001 2,416,425 Americans died. However, only 2985 of them really, really mattered. Those 2985 people were the victims of the 9/11 massacre orchestrated by Osama bin Laden. Immediately military action was called for, coalitions created and America was at … Continue reading →

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Drug Laws: an echo of fascism

Posted on March 28, 2014 by odeboyz

Mao Zedong, North Korea’s Kim dynasty, Hitler and Stalin attempted to control individual choices using the finest 20th Century techniques. Their ferocious efforts led to millions of deaths. They made every attempt to eradicate their enemies, all their enemies! And … Continue reading →

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An Eccentric Expired.

Posted on March 21, 2014 by odeboyz

About five years ago, the Council contacted me to ask if I knew Bill xxxx (a tenant living on our estate) and that if I did could I urgently contact him as he was thousands of pounds in rent arrears … Continue reading →

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Legalise Drugs Now!

Posted on February 28, 2014 by odeboyz

The Suicide Act, 1961, finally noticed the insanity of legislation that criminalised suicide. Prior to decriminalisation, people attempting suicide and failing were prosecuted. Ignoring panics associated with religion politicians began the greatest reforming era in British political life. Since then successive … Continue reading →

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Gambling on the Stock Market

Posted on December 6, 2013 by odeboyz

The valuation of shares is based on four criteria. They are (1) historic performance, (2) current management perofrmance, (3) future prospects, and finally peer group opinion. Henry Ford famously said, “History is bunk.” This disposes of (1). Why is this … Continue reading →

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