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The purpose of economy 30 August, 2009

Posted by fraggle in The Age of Spin.
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As part of my attempt to understand the current financial times, I’ve been constructing an imaginary world in my head, and trying to visualise the first principles of trade.  Yes, I know, I have far too much time on my hands. (more…)

Something needs to be done… 26 August, 2009

Posted by fraggle in The Age of Spin.
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So the financial world is in chaos, and has been for the best part of 2 years.  By official accounts, the chaos is now ending, but I find it hard to understand how that could possibly be, seeing as nothing has been done to address the proximate cause. (more…)