The banks are in the news again. This time Barclays is being publicly berated for supposedly not paying enough tax. The headline on BBC Breakfast made reference to Barclay’s “Offshore tax arrangements” in a clear attempt to leverage the anti-bank feeling and grab attention. Online, in a more detailed story, the BBC did give a.. read more →
Stationary money is of no value. It just sits there. Doing nothing. Achieving nothing. Rotting away as inflation eats into it. Money needs to move. Stretch its legs. Be exchanged for goods and services so that the next owner can then use it to do the same. My neighbour gets paid a bonus (and the.. read more →