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Richard Wellings
6 June 2009
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● Kevin Dowd on moral hazard and the financial crisis (pdf) ● David Friedman sets out the problems of cap and trade ● Oliver Hartwich explains why big government is not so smart ● Mark Koyama...
James Alexander
5 June 2009
12 comments

The threat of “systemic failure” has been used to justify recent government interventions in the financial sector. Essentially it is a “market-failure” type of argument...
Philip Booth
1 June 2009
2 comments

In every walk of life there are people who are greedy, selfish and sometimes those who downright cheat. Some MPs stretched their expenses to the limit, some people have cheated on social security...
authors of Verdict on the Crash
12 May 2009
10 comments

In a statement published today in the Daily Telegraph and reproduced below, fourteen leading economists – authors of the comprehensive new IEA study, Verdict on the Crash - explain...
Philip Booth
30 April 2009
2 comments

In the Financial Times earlier this week, Peter Mandelson wrote:   Sir, I was surprised by the unreconstructed tone of your editorial (”The umpire should not choose sides“, April 21...
Richard Wellings
9 April 2009
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●  Gary Becker has an antidote to federal activism   ●  Donald J. Boudreaux argues that stimulus plans destroy wealth   ●  Keith Boyfield responds to Adair Turner’...
David Moller
31 March 2009
6 comments

There is a strange thing about this particular financial crisis. Though some have murmured about “a crisis of capitalism”, few have yet suggested a return to full-blooded, full-frontal...
Tim Congdon
30 March 2009
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The current financial crisis raises fundamental questions about the relationship between the commercial banks and the Bank of England. Before 1997 Britain had a system in which the Bank of England...
Peter King
26 March 2009
16 comments

A couple of weeks ago I took part in a debate on the housing opportunities for young people hosted by BBC Radio Leicester. The young people there were very aware of the issues of affordability and...
Philip Booth
16 March 2009
6 comments

I now have to admit that I was unduly optimistic about the UK response to the crash regarding the future of financial regulation. Initially, there seemed to be some humility on behalf of the...
Philip Booth
6 March 2009
4 comments

Surely Gordon Brown needs a new speech writer. Apparently the US Congress voted with their feet, with the empty seats being filled up with staffers but, had they stayed, what would they have...
Richard Wellings
13 February 2009
8 comments

From a monetarist perspective, a strong case can be made in support of the Bank of England’s decision to engage in quantitative easing. A severe deflationary shock would cause big problems for...
Richard Wellings
12 February 2009
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●  Philip Booth discusses the growing debt burden in the Yorkshire Post   ●  Eamonn Butler explains why political interference is creating a new banking crisis   ● ...
Philip Booth
4 February 2009
4 comments

On Monday, George Osborne made an interesting speech. It would have been a good opening statement at a dinner party of economists. There was a lot to chew on but the ideas were ill defined. But they...
Terry Arthur
30 January 2009
8 comments

Adam Smith’s ‘agency problem’, the separation of ownership from control, enables big-business executives and directors to pursue their own agenda. All too often this results in an...
Richard Wellings
29 January 2009
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●  Philip Booth discusses Barack Obama on American Public Radio   ●  Peter Boettke explains why politicians are making the recession worse   ●  Donald Boudreaux has...
Kristian Niemietz
28 January 2009
10 comments

Once the current recession is finally over, poverty researchers might well find themselves confronted with a puzzle. For it is entirely possible that the downturn will actually help the government...
Nick Silver
26 January 2009
6 comments

In his excellent book, The Origin of Wealth, Eric Beinhocker argues that it is markets, not individual companies, which are most effective at allocating resources. This apparently subtle distinction...
Philip Booth
22 January 2009
16 comments

Some people have suggested that the current crisis suggests that ‘free’ markets are dead. Given the high degree of regulatory scrutiny in the financial sector that is not a point of view...
Nick Silver
21 January 2009
12 comments

The Financial Times’ chief economics commentator, Martin Wolf, has put forward a convincing explanation for the ultimate cause of the current financial crisis. To briefly summarise, some...