Potiphar12's Blog
An Octogenarian in the modern world

ECONOMICS YET AGAIN

Budget Day, and not much evidence that anybody – including the Chancellor of the Exchequer – really knows what to do. So the non-expert can fall back on what he thinks is common sense. How did we get into this mess? By paying ourselves too much money for doing too little work. So why not reverse the process – work a little harder and take a little less reward? Answer – because it means a cultural shift and re-balancing of expectations. Such things take time, but it would be a start to acknowledge the need.

And do our complex modern methods alter the basic conditions of trade. I have got more of X than I really need but not enough of Y. You have got more of Y than you really need but not enough of X. Then trade benefits both of us. Every schoolboy negotiaing a swap knows this. What is Britains X? Can we make more of it? Can we create another X?

No Responses to “ECONOMICS YET AGAIN”

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: