Economics: December 2008 Archives

Today's financial news in brief.

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stereolabpeng.jpgIt's alright 'cos the historical pattern has shown
how the economical cycle tends to revolve
in a round of decades three stages stand out in a loop
a slump and war then peel back to square one and back for more

bigger slump and bigger wars and a smaller recovery
huger slump and greater wars and a shallower recovery

you see the recovery always comes 'round again
there's nothing to worry for things will look after themselves
it's alright recovery always comes 'round again
there's nothing to worry if things can only get better

This seemed particularly timely last night. Stereolab are absolutely magnificent live - go see them if you ever get the opportunity. Also, you could buy something, perhaps the classic Mars Audiac Quintet or the new Chemical Chords, direct from the band.

VAT boost in Parliament canteen.

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BeetrootPotatoSalad.jpgThumbnail image for BeetrootPotatoSalad.jpgLast week, a wee bowl of side salad cost 65p in the Holyrood canteen. Then the Chancellor cut VAT, which means the price was slashed. To 64p. 

Obviously I should do my patriotic duty and help Britain eat its way out of recession, but there's only so much salad I can get through. This change is generating work already, though. 

Every item needs a new label with the new price, you see. The staff were less than pleased at having to do it, but Keynes would recognise it as a variant on his old idea: paying people to dig a hole, then paying them to fill it in again.

Also, because there's hardly ever an opportunity to link to her magnificent food blog, here's my friend Pille's Estonian beetroot and potato salad recipe.


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Along with Jeff (formerly SNP Tactical Voting) and Malc (formerly In The Burgh), I now co-edit Better Nation, a group blog. Stuff will still appear here, but more will be there. Better Nation


About this Archive

This page is a archive of entries in the Economics category from December 2008.

Economics: November 2008 is the previous archive.

Economics: January 2009 is the next archive.