The US is in uproar. Their unemployment* rate is at 9.6% after having briefly flirted with 10.1% a year earlier. It’s predicted to stay around this level for years. The bulk of US unemployment is cyclical. Don’t let anyone tell you different (especially not in 1935). Cyclical unemployment arises when a shock (in this case,…
Ebrahim Patel announced his New Growth Path policy document yesterday. At 36 pages, it’s more readable than many tome-like policy documents, but still no lightweight walk in the park. The good intentions are clear in the document, but unfortunately so are the many economic sink-holes created through inadequate input from people who actually understand economics.…
In How Not to Lose Money in Make a Million I showed that the game was massively more likely to lose you money than make you money. Â It may be a great way for the promoters to gain some new client and some media coverage, but it’s a really poor way to introduce the masses…
People love control. We all love to be in charge at least of our own lives. Sometimes we get it and sometimes we don’t. Except that it seems many of the times when we get it we don’t. At least when we think we get it we don’t. Head hurting yet? Go take a homeopathic…
Don’t believe everything you read, everything you feel. Forget all the mad talk about moving to a new gold standard. It isn’t going to happen. It won’t happen even if the president of the World Bank suggests it might. Why not? Because it won’t work. It doesn’t solve our problems and creates innumerable other problems.…
I have to multi-task. I am the bottle-neck for too many problems already and my team needs input from me before they can continue in many areas. But I know it doesn’t make me efficient. Switching between tasks takes time. You forget important details, and struggle to get the depth of understanding and focus required…
Seems white isn’t actually that much lighter than yellow, but that hasn’t stopped it being used for school bus roofs in the US for 20 years. The power of sticky ideas, even if they’re bad, is incredible. This isn’t the first time car colours have been analysed with some science.
