Category Archives: Finance

Accusation

“Though the bribe be small, yet the fault is great.” The words of Edward Coke, the great Elizabethan jurist. How much greater, then, the fault if the bribe be big? For that is the question potentially facing the Polish government … Continue reading

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Inclusive

“Smart, sustainable, inclusive growth is the key to job-creation and the future prosperity of Europe.” The words of Jose Manuel Barroso, former prime minister of Portugal and president of the European Commission who, one assumes, might have known although the … Continue reading

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Sustainable

“We need economic growth that is sustainable and job-rich rather than just statistically impressive.” The words of Guy Ryder, the current director-general of the International Labour Organisation. And, he’s right. As technology advances, the challenge will be to find useful … Continue reading

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Return

“Neither can the wave that has passed by be recalled, nor the hour which has passed return again.” The words of Ovid which, since we have yet to develop time travel, remain as true now as ever they were. And … Continue reading

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Budget and Business

“The budget doesn’t have much control over the government. Then again, the government does not have much control over the budget.” The words of American satirist P. J. O’Rourke which, while apparently true of the United States are, thankfully thus … Continue reading

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More Money

“A little thought and a little kindness are often worth more than a great deal of money.” The words of John Ruskin which spring to mind when one contemplates the plight of Poland’s doctors. Doctors generally show thought and kindness … Continue reading

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Progress

“Without continual growth and progress, such words as improvement, achievement, and success have no meaning.” The words of Benjamin Franklin. And since governments are ever keen to boast of continual growth and progress, one might ask how much economic progress … Continue reading

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Projections

“Of course, economic forecasts must be revised when new information arrives and are thus necessarily provisional.” The words of Ben Bernanke, for eight years chairman of the US Federal Reserve Bank, which are self-evidently correct and underline the self-evident point … Continue reading

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Happiness

“We hold these truths to be self-evident: that all men are created equal; that they are endowed by their Creator with certain unalienable rights; that among these are life, liberty, and the pursuit of happiness.” These well-known words of Thomas … Continue reading

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The Economy

“Government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.” The words of U.S. President Ronald Reagan which, … Continue reading

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