Skip to content

Mario Innecco

mario banner 1

Economic Woes

Many blame Brexit for the current economic malaise the U.K. finds itself in and that if we elect a new party, Labour, to power that they will be able to turn things around. Unfortunately, things are not as simple and my point here is not to pick a party over another but to look at what, in my opinion, are the root causes the current… Read More »Economic Woes

gaza

2020’s

A Decade of Crises. Since the beginning of 2020, the world is changing in ways most of us did not expect it to. First it was the covid-19 crisis and what evolved from; it like lockdowns, draconian rules and new medical procedures. By the beginning of 2022 covid-19 seemed to be a thing of the past, and then the Ukraine War popped up its ugly… Read More »2020’s

brics 2

Biggest Monetary Event

The Biggest Monetary Event of the 21st Century? Up until World War I there was no world or global monetary system as nations used gold and silver as money and national currencies or bank notes were just receipts for specie or coins. There were some rules nations followed but it was not as official and institutionalised. The nations of the world had not set up… Read More »Biggest Monetary Event

universal basic income ubi

Universal Basic Income

Will Universal Basic Income (UBI) Eradicate Poverty? There is an old saying that goes like this: ‘The road to hell is paved with good intentions’ and this is why I want to talk about the concept of universal basic income today. This idea has been around for a long time but seems to be getting some traction of late as we have heard that Autonomy… Read More »Universal Basic Income

house prices

Pound In Your Pocket

Sacrificed for House Prices Money or currency is never a simple topic even though it should be. Back on November 19, 1967, Prime Minister Harold Wilson said the following after the pound was devalued by 14.3% versus the then “good as gold” dollar: “It does not mean, of course, that the pound here in Britain, in your pocket or purse, or in your bank, has… Read More »Pound In Your Pocket

The Digital Pound

Convenience at the Cost of Individual Freedom Most of you have probably noticed that the use of cash has been diminishing for the last ten years as technology evolves and more people use contactless cards, Apple Pay, online banking and other kinds of rapidly evolving technology. Covid-19 and the government-imposed lockdowns of 2020 and 2021 were also used as an excuse to increase our dependency… Read More »The Digital Pound

inflation without government

Government inflation

I have written about inflation before but I think it is more important than ever to revisit the topic as consumer and retail prices continue to rise at rates not seen since the 1970s, major workers’ strikes continue to afflict and disrupt the U.K. economy. It was economist Milton Friedman who once said that inflation is always a monetary phenomenon so with that in mind… Read More »Government inflation

uk economy decline

Time to Pay The Piper

Many of you have of course been aware of the crisis in the UK government bond market following Chancellor Kwasi Kwarteng’s recent minibudget, in which more tax cuts and government spending were promised. The UK government bond market or Gilt market, is the market in which the government taps investors worldwide for funds and in exchange, investors receive a bond with a promise of interest… Read More »Time to Pay The Piper

economics 2

Fiddling Economic Data

As the economic situation deteriorates, we are seeing governments around the world start to change the economic data and even the way they define economic recessions. Usually we are told that governments like the one in the U.K. and the U.S. can be trusted with the data and that one should not believe anything governments from China and other emerging market countries publish in term… Read More »Fiddling Economic Data

houses artistic

Housing Affordability

With the average UK Nationwide house price reaching a nominal all-time high £269,914 in May of 2022 there is plenty of debate going around in the media, politics and the economic spheres of how to make housing more affordable. What we will be looking at here is first, the popular reasons given for why it is getting for, not only young people to get on… Read More »Housing Affordability