Ritchie’s new dictionary

A new definition:

My money = government created for me to use.

A well, at least it’s one thing cleared up. If part of the definition of money, a necessary definition that is, is that it is created by government then banks cannot create it, can they?

20 thoughts on “Ritchie’s new dictionary”

  1. Sadly, Murphy’s Tables do not quite have the comedic value of the ludicrous Murphy Venn diagrams, or the grotesque Murphy Mind-Maps.

  2. Bloke in Costa Rica

    He’s obsessed with money rather than value because he’s never created any of the latter.

  3. his meaningless blether does create some value – you know instantly that his sycophants are people you should avoid at all costs. If someone introduced you to ivan horrocks or carol wilcox you would know immediately to leave the room as fast as your legs could carry you. Plus it keeps Timmy amused.

  4. I envy anyone who can keep up with the giddy oscillations of Snippa’s mind. What about this?

    Why we do not need corporation tax returns on public record and what we need instead

    POSTED ON JULY 7 2017

    We had a debate yesterday at the Tax Justice Network conference (which was a stunningly good event) on whether tax justice campaigners should call for the corporation tax returns of large companies to be placed on public record, or not. Professor Prem Sikka proposed the idea, and I opposed it…………………

    At the core of my argument is practicality. There are at least nine (and probably rather more) practical problems with publishing tax returns.

    The first is corporation tax returns are for individual companies, and not groups. So, I would get an extremely partial view from any such publication and would then have to spend my life trying to create a group view. No one is going to have the resources to do that. This is because it is commonplace for a group to include hundreds of companies. Thousands of entities is also not unusual. Consolidated accounts were created to overcome the impossibility of creating any real understanding of what a group was doing that a review of the accounts of all these entities could, at best, provide. It seems absurd that we would now want to go back to the dark ages of accounting and ignore the existence of the group when asking for tax data.

    Yet this is the man who demands country-by-country reporting….

  5. Austerity = spending an amount which is more than your best ever year for income, but which is still insufficient

  6. @ BiCR
    One of the problems of the Soviet Union was that Russian only has one word for both “value” and “price”.
    Pendants may note my change of tense but the language hasn’t changed while post-Soviet Russians tend to use English for contracts and American $ for stores of vale.

  7. @ Diogenes
    I can understand tax returns in consolidated group accounts – they tend to reveal underperforming overseas subsidiaries that the CEO would prefer not to mention.
    OTOH Murphy went to a third-class university so he isn’t very bright.

  8. @john77

    A bit unfair to call S’ton third-class* – or was that Murph’s degree?

    * Their engineering dept is top-notch, economics seems to be on a bit of a slide, though. Surely nothing to do with their most (in)famous alumnus …

  9. @ Chris Miller
    Southampton has improved over the last few decades.
    BUT when I looked at the UCAS form (which I ceremonially burned after getting through Oxford part 1), I dismissed Southampton in a second – there were some good second-class universities: London, Manchester, Bristol, Nottingham, Edinburgh [for avoidance of doubt in those days St. Andrew’s was ranked as first-class and TCD as 1.5], Glasgow, Durham, Birmingham (especially if you wanted to engineering-related subjects: one friend wanted to do metallurgy so he chose Birmingham instead of Oxford), and shortly thereafter the new Lancaster and York universities.

  10. Diogenes, interesting that Murphy opposes making corporation tax returns public.

    Wonder how many companies he’s involved in and what he wants to hide?

  11. But I like his definition.

    If all money is created by the government, that means if it wasn’t created by the government it isn’t money. So bitcoin isn’t money, in Murphy’s world.

  12. I like Ritchie’s new game. As with venn diagrams I can play too:

    Tax = Demanding money with menaces
    Passport tax = Money not created by the government
    Benefits = Other people’s money
    State pension = Ponzi scheme
    Fair Tax Mark = Protection racket (failed)
    Richard Murphy = Cunt

  13. He does want to publish them. He wants groups to publish group returns. Classic murph tactics. He is not dumb. Just stupid.

  14. @john77
    Oxford has produced a high proportion of the politicians,civil servants & administrators that have, over the past century, reduced a country that was a world power (largely created by people for whom Oxford was just a town on one of the possible routes to Wales) to a mere province of a European Superstate.
    As far as I’m aware, Southampton hasn’t been responsible for even a fraction of the damage.
    For those of us who’ve not attended the university, carpet bombing by the RAF followed by sowing the rubble with nuclear waste to deter rebuilding would seem an appropriate defensive response.
    Also see Cambridge.

    Like most things, looking at the evidence of the outcomes rather than the spiel of the snake-oil salesmen is a better guide.

  15. It’s one of the problems with institutions that C Northcoat Parkinson pointed out, isn’t? That they tend to become increasingly self serving. No doubt the scientists at Oxford do valuable work. But scientists, like most practical people, tend to be more interested in creating tomorrow’s history than living in & revering yesterday’s history.
    Maybe they could be smuggled out before the bombing commences.

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