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G. R. Steele
21 February 2011
1 comment

While the full complexity of an economic cycle can never be gauged, economists point to many contributory factors, each with its tinge of plausibility; but every recession, recovery, over-extension...
G. R. Steele
21 January 2011
16 comments

A member of the Bank of England’s Monetary Policy Committee believes that inflation has been driven ‘by higher food and energy costs’; and the head of the European Central Bank...
G. R. Steele
10 December 2010
4 comments

Mervyn King has been criticised for crossing a line which separates monetary policy (the Bank’s remit) and fiscal policy (the Treasury’s remit). That line is imaginary: a legacy of...
G. R. Steele
29 November 2010
1 comment

In the 1920s, the UK economy was deflated as a prelude to the restoration of the gold standard. The Chancellor responsible was Winston S. Churchill. In opposing that policy, John Maynard Keynes...
G. R. Steele
19 November 2010
2 comments

As one set of economists warns that rapid debt reduction is likely to plunge the economy into deep recession, another set argues that debt reduction is essential to restore financial stability and...
G. R. Steele
30 September 2009
22 comments

A comment from a Woman’s Own interview in 1987 is often repeated, but rarely in context:  ”There is no such thing as society”. Its relevance was made explicit with the...

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