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[...] Money is not principally a means of buying 'stuff' but a way of coping with an uncertain future. We do not know which new goods and services will exist in the future, nor what their relative prices will be. There is no auction mechanism today that will allow us to discover that. Maintaining a…

The blunt truth, however, is that the implicit intergenerational cooperation that represents the best outcome is supported by trust, not money. If the younger generation decides not to support the elder, the existence of tokens will make no difference. And if the older generation has invested in, s…

[...] Top of the list is a need for a development land tax to recoup rising land values and keep markets under control, championed by luminaries from Adam Smith and Lloyd George to Churchill. [...]

One of the consequences of the exodus from London is that the same pattern of property specuation and displacement is spreading to other cities such as Bristol, Hastings and Margate. And while population shifts to other towns might seem to some like a good way of rebelancing the economy, the proble…

[...] More than 40 per cent of the entire housing benefit bill goes straight into the pockets of private landlords. The money is not reinvested in housing, although this booming market is driven by demand from councils who desperately need the properties because they don't have enough social housin…