Animal Spirits, Taxing and Borrowing  — Editorial

Kwasi Kwarteng is clearly a believer in animal spirits, or more specifically, the animal spirits of the UK private sector. The term ‘animal spirits’ was used by the economist J. M. Keynes to describe the spontaneous forces of vitality that drive human action.  Apparently these animal spirits have been held back by too much taxing and … Continue reading Animal Spirits, Taxing and Borrowing  — Editorial

Animal Spirits

Unleash the animal spirits!  The Truss Kwarteng philosophy By Feargus  O Raghallaigh It seems to me that many people do not quite get what Truss and Kwarteng are up to, which is attempting to give political and policy expression in government and in power to a religious belief or a religio-economic belief in effect. The core of this … Continue reading Animal Spirits

The Mini-Budget — Parliament Notes

Text of the mini-budget by Kwasi Kwarteng, called ‘The Growth Plan’ in Hansard, which caused great excitement as well as a drop in the value of the pound, and is already being watered down.  See editorial for comment. Mr Speaker, Let me start directly with the issue most worrying the British people – the cost … Continue reading The Mini-Budget — Parliament Notes