A trillion here, a trillion there: pretty soon you're talking real money. The BBC is exulting in $1.1 trillion being "pumped into the world economy". Butwhere the dickens do they suppose it is being taken from in the first place, if not "the world economy"? And where is it all going? Partly, in development aid: an expensive way of transferring money from poor people in rich countries to...

In the old days, the conspicuously rich owned big houses full of works of art where they invited guests to show off their wealth. But now, if you want the world to know that you are dripping money, you buy a yacht.

Brendan Barber visits a rich man. (Picture forty-percented from here) The TUC say that rich people are costing the taxman four billion a year in lost revenue. Apparently they object to handing over forty percent and so keep their money in countries that charge fifteen percent or less. The nerve! How dare they try to hold on to their own money! Don't they know how many cans of Stella that woul...

One standard conservative argument is that the wealthy are rich because they invest their money. The poor are that way because they spend their money. The answer is thus to decrease taxes on the rich to stimulate the economy and increase employment. Thirty years of trying have shown this not to work. The problem is that the conclusion does not follow from the premise. If we take the logical approa...

It's not an investment. It's a place to hang your hat. It's a place to keep your books. It's a place to keep your clothes. It's a place to eat. It's a place to sleep. It's a place to make love. It's a place to have fun. It's a place to be happy. It's a place to be sad. It is not an investment. Or as Charlie Brooker puts it:For years, money was just...

They could scarcely deny they had money; indeed they spoke of the pleasures that high incomes bought. "I do enjoy the fact I can have nice holidays and don't think twice about buying particular items," said one lawyer. But most blocked out the suggestion they were extremely well off. Living in London cost a lot, they said: the city that made them rich was a reason you had to be rich. You had ...

First published on The Broad Oak Blog (Oct. 9, 2010): ________________________________ The vitally important inflation / deflation debate continues. In my last post, I relayed one view, which is that the very rich and powerful will not permit runaway inflation, because it erodes the value of money and the rich have most of the money. As a corrective, I give below the latest video from the National...

Good stuff. Hat tip Moonbattery. We here have always sais that green-nazism was, is and for ever will be a toy-belief-system of rich socialists, who have nothing better to think about. How socialists got rich in the first place, or whether they got to be socialists via some sort of accident after becoming rich, is the subject of

My word, the cornucopia of choices that the man gives us! Bridging that global gap between rich and poor requires a major transfer of wealth. That money, spent on low-carbon development, would fund the clean emergence of the developing world from deprivation. Put starkly, it is nothing less than using the engine of the world

Many years ago, and specifically the year I turned 21 years old, that uncle flew me out to his place in Los Angeles to show me a bit about his profession as a global businessman. That uncle was often referred to as the rich uncle, but that's not exactly true. He was remarkably smart and successful pulling in money like it grew on the lawn, but he equally blew through money like his wallet was...