More Money Than Sense

This Tuesday March 14th, we are recording the pilot for a new Radio 4 comedy show about finance and economics.

I am host and joining me as panellists are Paul Sinha, Andy Zaltzman, Graínne Maguire and Shazia Mirza. Absolutely is producing.

Tickets are free. We are recording at the Lost Theatre – SW8 2JU. (Nearest tubes are Stockwell and Vauxhall, also Battersea Park and Wandsworth Road train stations are within 10 mins walk). Please come, if you’re free – just email mmts@absolutely-uk.com

In other news, over the next few months I am planning to produce a lot more content on this blog – videos mainly, but also podcasts and writing. So please subscribe here to have it emailed to you every time I upload a new post. 

Edinburgh Festival previews

I am going to the Edinburgh Festival this August – for the first time since 2003. Here’s the low down.

I’m taking two shows.

The first, Let’s Talk About Tax, has me wearing my financial hat (there’re jokes too). It’s at 4pm at the Gilded Balloon.

In the second, at 9pm in the Voodoo rooms, I’m reviving my first ever act, the Upper-Class Rapper, though with a completely new material.

The festival runs from August 1st to 28th. If you’re passing through, please stop by. You can book tickets for Let’s Talk About Tax here. The Upper-Class Rapper is part of the free fringe, so all you need to do is turn up.

Between now and August I’m also doing a number of previews in London and in Yorkshire. If you can’t make Edinburgh, I’d be delighted to see you at one of these:

Let’s Talk About Tax

Tuesday June 28, Downstairs At The Kings Head, Crouch End. Tickets here or turn up on the night.

Tuesday July 5. The Albany, Great Portland St. W1. Tickets on the door. £5 for two shows (me and Will Duggan)

Friday July 8, The Wheatsheaf , 25 Rathbone Place, W1T. FREE entry, no need to book, just show up – more info here

Wednesday July 13, Backyard Comedy Club, Bethnal Green, E2 0EL. Tickets and more info here –

Friday July 15, Gillygate Shed, 48 Gillygate, York. Tickets and more info here

Saturday July 15 Gillygate Shed, 48 Gillygate, York. Tickets and more info here

Upper-Class RapperSunday July 17, Piccadilly Comedy Club, 7 Oxenden St, SW1Y 4EE. Tickets here

Friday July 29th, Port Eliot Festival, Idler Academy.

The Upper-Class Rapper

Just the one preview

Wednesday July 14, Clapham Comedy Club, Bread and Roses, Clapham Manor Street, SW4 (with Shazia Mirza). Tickets and info here

Why you will never own a home … New app explains

Here’s the script:

Hello in this tutorial we’re going to look at setting up a 21st century functioning economy.

So let’s get started. Open the app. And you get the basic template, which is some old houses, built a while ago.

Now you can buy these for not much more than it costs to build them, so the first thing we need to do to push up prices is to get some debt into this market, so click on invent mortgage. (NB: mortgages only really came into being in the 1930s and 1950s)

And then we need to get this market rigged, so let’s get some planning laws installed. This is the UK version and that will automatically update.

So we’ve created a situation in which hardly anything can get built except by a few large institutions and that means we’ve restricted supply  to what’s already there and a few crappy newbuilds.

Next we need to flood this market with money, so let’s have a fiddle with the money system.

So we’ve got house prices nicely going up which means interest rates will have to go up as well, so if you’re a central banker monitoring inflation,  click on ignore.

We’ve got a bubble now that is going to pop and when it does I want you to click on bail out banks, slash interest rates and Quantitative Easing – and that will prop prices.
If people start complaining, install help to buy and that should mute them. And it’ll be a nice little earner for the housebuilding companies as well.

And you’re going have situation now in which even though a house is cheap to build, pretty much anyone under the age of about 35 isn’t going to be able to afford one. Just to buy or rent even the tiniest place, they’re going to have to work like slaves, pool their wealth , get subsidised by their parents, put off starting a family and take on loads of debt.

And there we have it a functioning 21st century economy.

 

To recap the key ingredients here are our money system,  planning laws, our subsidise home owners at all costs mentality in the policy setting classes.

I’ll be posting more of these tutorials, so yeah please subscribe to my YouTube channel.