Working Mans Economics

If you want to know how tariffs work, just watch Ferris Buellers' Day Off youtu.be/X_wHBlouFSc?...

When so many people are struggling to pay their bills, the idea that the Bank of England could raise interest rates in response to meagre growth and inflation caused by Trump's disastrous war is absolute lunacy. Will making British peoples mortgage payments higher get the straight of Hormuz open?

Rick and Morty is a truly terrible show, its basically just unfunny performative swearing. A poor man's Fat Abbot.

In AI circular funding news, Nvidia has just bought back $150 billion of its own stock, leading to a 2% rise in its share price and a big boost to execs share price linked salaries. A reminder: stock buybacks were illegal until 1982 as they were considered market manipulation.

EXACTLY 👇 THIS.......

The story of the last 20 years in the West is the story of a rolling economic crisis, leading to years of grinding austerity and falling living standards, blamed on foreigners by the ruling class that caused and ultimately benefitted from the economic crisis.

Janan Ganesh on the 1990s www.ft.com/content/845a...

This is absolutely emblematic of problems facing vast swathes of the British economy; regulators that are not only supine and toothless but which actively work on behalf of the industries they represent and against consumers. www.theguardian.com/business/202...

It turns out I may have judged ICE a little harshly... www.theguardian.com/us-news/2026...

Possibly the greatest case of nominative determinism ever

It feels as though the era of free content online has cost us an enormous amount culturally. Would it be better to go back to paying for news content so that the dying art of journalism as a career, let alone local newspapers, music journalism etc etc can survive?

Id do get heartily sick of social care bang equated to care for older people. 50% of people receiving social care have learning disabilities, physical disabilities or mental health issues, and those services are in as dire straights as those for older people.

If Britain had kept corporation tax at a rate of 40% as it was between 1965 and 1983, the exchequer would today be collecting an extra £61 million in tax.

Foreign rapists, paedophiles and murderes are escaping from British justice. They didn't come over on small boats though, they came over on US military planes www.theguardian.com/uk-news/2026...

Alan Milburn is introduced as a former health secretary who's done a lot of work on social mobility Milburn was a pro outsourcing health secretary who went on to make a fortune advising private companies profiting from his health 'reforms'. I wonder why Ridge didnt mention any of that?

Replace the worked "hacked" with the word "gifted"and you're about there

Why the fuck are we allowing this to happen for an as yet very much unproven technology? www.theguardian.com/business/202...

I know it feels that way, but it’s only been about 5 minutes

Just watched the first episode of 'The Good Life'. Tom casually remarks to Barbara that he isn't too concerned about jacking in his job because "the house is paid for". Tom is 40, works as a draughtsman and lives in a 3 bedroom detached house in Surbiton.

Just more evidence that the UKs “first past the post” voting system does not reflect the diversity of our politics. Time for a change

The same people reliably tell me that British Muslims don't have the same values as me. Yet they've just voted for a young woman, representing an unashamedly progressive party, led by a gay Jewish man.

The brass neck of "Sir" Jim Radcliffe, banging on about people on benefits, when he just received a £120 million bung from the government to keep Grangemouth open, despite the fact that he doesn't pay a penny in tax in this country. How's that for benefit scrounging?

Keir Starmer: "I'm very disappointed in Mr Bin Laden. When we granted him a visa, he assured me that he had ended his links to Al Qaeda but unfortunately he did not give a full account of his actions"

Trump trashes EU and UK in Davos. Yet Europe holds more US debt than anyone else in the world. And Japan another $1T. Some very bad judgment to dis your creditors. #econsky

USD as percentage of foreign currency reserves. Hoo boy. #EconSky

"If I oppose Israel’s atrocities, I’m not Jewish enough. If I march against apartheid, genocide and torture, I’m a kapo. If I refuse to treat a foreign state as sacred, I’m a self-hating Jew." Judith Treanor on being "the wrong kind of Jew". #auspol michaelwest.com.au/how-jewish-a...

DOJ investigating whether Denmark lied on its Greenland mortgage.

Nice trolling by @bsky.app

Maccabi Tel Aviv fans arming themselves with steel bars from a construction site before going on a rampage in Amsterdam. This is why they were banned in the UK.

RIP Mani author of many fantastic baselines, this one being my personal favourite youtu.be/4D2qcbu26gs?...

The "Elon Musk is a genius" types are worse than Elon Musk because they enable Elon Musk

Good to hear from a minister preaching the actual message of Jesus, not the pretend version that Conservatives like to believe.

So it turns out that the Nobel Peace Prize committee saw fit to give the award to a person that played an active part in an attempt to overthrow a democratically elected government. It wasn't Trump though....

The Bank of England is worried that AI stocks are entering speculative bubble territory. Not really surprising when you consider that a large amount of passes for generative AI is essentially glorified search engines. www.theguardian.com/business/202...

Britain has seen an acute living standards slowdown over the past 20 years. This has affected incomes across the distribution. A typical family today would be £20,000 richer if incomes had continued growing at the same rate since 2005, when the Foundation was founded. ⤵️ buff.ly/NuhNFF9

A summary of UK tabloid media's position on the Manchester synagogue attack: If you are still opposed to Israel's genocide after yesterday, you are a racist Islamist commie who should be deported to Rwanda.

Looking forward to a 6-3 ruling against the concept of linear flow of time.

The recent Pitchfork Economics podcast featuring @mkblyth.bsky.social talking about inflation is absolutely essential listening. open.spotify.com/episode/32kt...

How long until Nigel Farage puts £234 billion on the side of a bus?

Want to beat populism? Then you need to ensure that working class people have secure employment that offers a decent standard of living, good quality, affordable housing and good quality public services that are there when you need them. It's that fucking simple.

Here's a thought about UK inflation. The government doesn't use the RPI rate of inflation any more because it includes housing costs, which are considered too volatile. However the government's preferred measure, CPI includes air fares, which rose 22% in July because of the school holidays!

Turkish President Recep Tayyip Erdogan: “Netanyahu is ideologically cut from the same cloth as Hitler. “Just as Hitler couldn’t see the defeat that awaited him, Netanyahu will meet the same ultimate fate.”

The Guardian today claims that political violence is *now* part of US political culture because of the murder of Charlie Kirk. All I can say is they haven't been paying much attention for the last 250 years. en.m.wikipedia.org/wiki/List_of...

Myth #4: GDP is the correct measure of progress Reality: GDP tracks spending, not wellbeing or ecosystem functionality Implication: Our main cultural goal is focused on costs, not benefits

Breaking news: If Israel agrees to a ceasefire before September, Palestine is not a country. #Gaza #UKLabour #Starmer

A good news story to brighten your day: In 2012, Britain got 42% of its energy from coal. Today, Britain does not have a single coal fired power station (source: Private Eye).

The BBC is claiming that Bob Vylans' chant of "death to the IDF" was anti-Semitic. In fact, what the BBC has done there is conflate all Jews with the state of Israel. Now thats anti semitic. All Jews are not the IDF, in the same way that all Palestinians are not Hamas.