So I get things wrong sometimes …

… or at least, that may be how things look soon if inflation continues doing what it has just done – rise faster than expected.  Because while my original points about base effects and so on are correct, it is no good if the actual index rises 0.6 points in a month like this.  Perhaps

Market-making: try this at home

This is aimed at the presumed business model of transactional banking that Richard offered us on ‘Robin Hood Part Deux’, in this comment defending Robin Hood taxes.  He hopes to prove that the transactional costs might be borne by overpaid bankers, who are in any case a cost on the industry. Richard says: “profit is

The Robin Hood Tax

The Robin Hood Tax is currently being debated along the wrong lines altogether.

Tobin Taxes again

Lovely though it would be, the prospect of a Tobin Tax raising £30bn from those wicked City insitutions is very delusory. The money comes from someone, and that someone is probably you.