- Paperback: 170 pages
- Publisher: Orchard Four Books; 2005 edition (7 Dec 2002)
- Language English
- ISBN-10: 0954410505
- ISBN-13: 978-0954410506
- Product Dimensions: 20.4 x 14.8 x 1.4 cm
- Average Customer Review: 5.0 out of 5 stars See all reviews (1 customer review)
- Amazon Bestsellers Rank: 845,512 in Books (See Top 100 in Books)
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Product Description
Product Description
When originally published in 2002 The Free Lunch (p.113) pointed to the end of the property and housing bubble about 18 years on from 1990. The market peaked in October 2007 (Nationwide BS). The book also explained about how the banking system works and how banks take advantage of the collective success of a prosperous society for their own ends. The current financial mayhem shows that the reforms suggested in this book are even more vital now. Other pioneering matters covered include the simple idea of the Citizen s Royalty for all. This would especially help the poorest out of the poverty trap that the welfare system leaves then in. There is also a new look at planning regulations and how green solutions could be found to housing problems. This book takes a broad view of several issues of economic justice and gives practical measures for reform. It shows how we should drastically reduce taxes on work and human creativity, in order to invigorate the economy. The approach of this book is summed up in the sub-title 'Fairness with Freedom'.
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Customer Reviews
Most Helpful Customer Reviews
1 of 1 people found the following review helpful
Format:Paperback
Had you read this book when it was first published in 2002 you would have been aware that there was an 18-year property price cycle running which would have pointed to 2008 as the likely year when prices would peak. The Land Registry index for house prices shows that the top of the cycle was January 2008. The Financial Times published my letter about this on 28 November 2008.
On another issue, after nearly 12 years of great government effort, and during a boom time, the lowest earners have experienced a static income position for the entire period. One would have thought that New Labour could have done something about this. If you read The Free Lunch -Fairness with Freedom you will see that a simple device could be introduced that would place the lowest earners on a substantially better financial footing, without tortuous bureaucratic means-testing and be affordable to us taxpayers.
And another thing: The book gives a clear case for taking control of money creation for the public good. Currently the government is desperately trying to mend the broken banks so that they can eventually `carry on as usual'. But if so the system will crash again in years ahead. Enough is enough. We don't need to nationalise the banks but we cannot let them have unfettered power to create money any more. On several issues this book argues for a citizen-based way of approaching democracy: Citizenisation - the real and practical empowerment of people. Whilst a strong theme is fairness, freedom is to go hand in hand with it and The Free Lunch shows how this could be.
On another issue, after nearly 12 years of great government effort, and during a boom time, the lowest earners have experienced a static income position for the entire period. One would have thought that New Labour could have done something about this. If you read The Free Lunch -Fairness with Freedom you will see that a simple device could be introduced that would place the lowest earners on a substantially better financial footing, without tortuous bureaucratic means-testing and be affordable to us taxpayers.
And another thing: The book gives a clear case for taking control of money creation for the public good. Currently the government is desperately trying to mend the broken banks so that they can eventually `carry on as usual'. But if so the system will crash again in years ahead. Enough is enough. We don't need to nationalise the banks but we cannot let them have unfettered power to create money any more. On several issues this book argues for a citizen-based way of approaching democracy: Citizenisation - the real and practical empowerment of people. Whilst a strong theme is fairness, freedom is to go hand in hand with it and The Free Lunch shows how this could be.
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