Archive for September, 2014

M1 – The Leading Indicator

Posted: September 18, 2014 in Statistics
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Read the brief remark contained in this piece linked below by leading monetary economist Simon Ward, showing the way in which this measure of the money suppply is the best way to guage the economic prospects regarding growth and inflation;

http://www.cityam.com/1410889359/cpi-inflation-falls-15-cent-should-bank-hold-rate-hikes-until-next-summer

 

 

Rethinking Charity

Posted: September 15, 2014 in Poverty
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A bone to the dog is not charity. Charity is the bone shared with the dog, when you are just as hungry as the dog

(Jack London, US adventurer, author, & sailor (1876 – 1916))

 

Qur’an Surah 55:

 

وَٱلسَّمَآءَ رَفَعَهَا وَوَضَعَ ٱلۡمِيزَانَ (٧) أَلَّا تَطۡغَوۡاْ فِى ٱلۡمِيزَانِ (٨) وَأَقِيمُواْ ٱلۡوَزۡنَ بِٱلۡقِسۡطِ وَلَا تُخۡسِرُواْ ٱلۡمِيزَانَ (٩)

 

And the Firmament has He raised high, and He has set up the balance (of Justice), (7) In order that ye may not transgress (due) balance. (8) So establish weight with justice and fall not short in the balance.

 

Giving millions when you have billions, is not necessarily charity.

If the apparatus of injustice has upset the balance, then giving in charity may only be servicing this predicament rather than solving it

Actions should be judged on more than just intent alone. Poverty has not always existed as it does today, trace the history of how nations came to take up the begging bowl to realise the systemic nature of their plight

If it moves…Tax It!

Posted: September 13, 2014 in Economics, Monetary System
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“In a state where corruption abounds, laws must be very numerous” (Tacitus, Roman Senator and Historian)

Consider the following report into the UK tax system, not unique to this country;

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/193496/ots_length_legislation_paper.pdf

This article captures the absurdity further;

http://www.telegraph.co.uk/finance/comment/9643998/Our-tax-system-is-a-chain-around-the-economys-ankles.html