Blog 2023 Malcolm Blair-Robinson

QE in various forms is now very much part of the economic conversation, especially in connection with a fresh approach to financial issues by the new leadership of the Labour party. Dynamic Quantitative Easing remains under government, not bank, control and targets specific investment projects without borrowing, interest or repayments. It can reboot the economy, boost manufacturing and exports and enable sustained growth of real national wealth shared by all, rather than just asset inflation which is the downside of ordinary QE. If you want to find out more you can enjoy a lucid explanation of the original idea from the link below.

Download .99p  Paperback £2.99

I recall the excitement felt across the world when Yuri Gagarin became not only the first man in space but also the first to orbit the earth, when the Soviet Union once led the space  race, in 1961. The Soviets managed to get their man aloft  weeks before the Americans, who only achieved an up and down flight, not an orbit. The Soviets had also been the first to get a satellite up, the Sputnik in 1957, causing absolute consternation in the West as the achievement indicated they were well ahead on rocket technology and potentially intercontinental ballistic missiles, putting America in the front line for the first time in its history. The reaction fired the programme that took the Americans to the moon.

At that time Britain was one of the world leaders in aviation and had its own rocket in the design process. One did not then imagine it would take another fifty four years for the first Brit to be blasted into space. Nor that he would be atop a Russian rocket. Or that he would be accompanied on the historic (to the UK) mission to the International Space Station by two others, a Russian and an American. Times do change. More than people realise. Especially politicians.