In two weeks time, on the 23rd of April, the people of France will vote for their new President. This major event has gained added significance in the aftermath of Brexit and the election of Trump, and could prove decisive for the existence of the European Union. The election raises fears of a surge in nationalism, anti-immigration and anti-Islam support, and will be a test of how strong these feelings are. The result will have a major impact on the rest of Europe (and possibly the world) with regard to immigration, refugees, the Euro, European co-operation, trade, economics and a dozen other areas. So even if you’re not French, the result will probably affect you. Continue reading “The Simple Guide For Foreigners To The French Election”
Economics is a broad and vast field comprising intricate areas that would take years to master. This makes it very hard to summarise or reduce it to a simple point. However, if there was one simple lesson that I wished everyone knew about economics, one easy sentence or sound bite that could explain the essential core to people who know nothing else about economics, it would be: “My spending is your income”. This simple point, properly understood, explains everything you need to know about the important policy issues of the economy. It doesn’t explain everything, but it explains the important parts.
My Spending Is Your Income