Category Archives: Finance

Inflation

“By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens.” The words of John Maynard Keynes, who clearly knew a thing or two about governments and their propensity to … Continue reading

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No to the Euro

“If its anything I can’t stand, it’s yes men.  When I say no, I want you to say no, too.” Words attributed to studio mogul Jack L. Warner, which might be seized upon, without a trace of irony, by any leader … Continue reading

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Pledges

“Men should pledge themselves to nothing; for reflection makes a liar of their resolution.” The words of Sophocles, which most politicians, nay most voters, would do well to remember. Poland’s ruling Law and Justice Party (PiS) is not shying away … Continue reading

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Consequences

“Sooner or later everyone sits down to a banquet of consequences.” The words of Robert Louis Stevenson. That that banquet should also include just desserts seems a given. And when it comes to certain plans on EU funding, the Polish … Continue reading

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Optimism

“Optimism is the madness of insisting that all is well when we are miserable.” The words of Voltaire, which seem to be a rather pessimistic way of looking at optimism. Indeed, dare one say it, an almost Polish approach to … Continue reading

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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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