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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...
Philip Booth
2 March 2009
6 comments

It is a curious aspect of the Catholic Church in England and Wales that those who wish there to be the maximum room for personal judgement and discretion on matters of faith and morals are also the...
Philip Booth
20 February 2009
12 comments

This is not the first time this subject has been covered on the IEA blog – but the point needs repeating. We should remove all impediments to employment in a recession and this should include...
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...
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...
Philip Booth
13 January 2009
26 comments

It was interesting to see David Cameron’s library in the newspapers yesterday. There are some good choices there. Kynaston’s book on the austerity years after the war is excellent, for...
Philip Booth
6 January 2009
8 comments

Alan Walters was a great figure in economics. The obituaries today focus mainly on his contributions to macro-economics and as an advisor to Mrs Thatcher. I would like to make a brief comment about...
Philip Booth
23 December 2008
6 comments

This week we have had two news reports – one an individual case and the other based on thorough research. The individual case shows a woman losing thousands of pounds in benefits as a...
Philip Booth
22 December 2008
6 comments

Maybe sterling has overshot a bit. Currencies do that sort of thing and we should not worry unduly. Maybe sterling has fallen because people have no confidence in the long-term ability of the UK...
Philip Booth
8 December 2008
7 comments

Pope Pius IX had everything modern in his sights when he wrote the Syllabus of Errors and related encyclicals. It was not just socialism that came in for a pasting and I am sure he would have been...
Philip Booth
8 December 2008
4 comments

Deflation means that the pound in your pocket is worth more each year. In an earlier age, deflation was regarded as benign at worst. For a couple of hundred years before 1946, moderate deflation...
Philip Booth
18 November 2008
4 comments

Without wishing to trivialise the former, there are eerie similarities between the tragic case of Baby P and the failure of Northern Rock. In the banking sector, the FSA, which has virtually...
Philip Booth
14 November 2008
10 comments

In each of the last two weeks the IEA has hosted panel discussions in front of packed houses. Last week the topic was public sector pensions and this week it was the Third Heathrow Runway....
Philip Booth
6 November 2008
6 comments

The 1.5% interest rate cut came as a bit of a surprise to most people. However, we are in new territory and it is territory with which those economists who love their macroeconomic forecasting...
Philip Booth
3 November 2008
4 comments

Today, in a response to a report suggesting that social mobility was improving, Chris Grayling, the Conservative Shadow Welfare minister said: “The truth is that Britain today is a country...
Philip Booth
8 October 2008
2 comments

In its latest monthly deliberations the IEA Shadow Monetary Policy Committee (SMPC) voted by seven votes to two to reduce UK Bank Rate on Thursday 9th October. Indeed, four members of the shadow...
Philip Booth
2 October 2008
comments

Christians have a duty to be properly informed when they speak out. Catholics specifically call the sin of blundering into the unknown “imprudence”. Surely the...
Philip Booth
26 September 2008
8 comments

Until last week, it seemed that one only needed a couple of PhDs in monetary economics and finance to make head or tail of what was going on in financial markets. It now seems that a PhD in...
Philip Booth
25 September 2008
comments

It is always disappointing when Bishops follow the mob rather than trying to lead their flock. The Archbishop of York joined in the name calling yesterday. Today, in the Spectator, the...
Philip Booth
8 September 2008
8 comments

Many of us have long argued that the welfare state underwrites irresponsible behaviour and crowds out the institutions that could have provided schools, hospitals and social insurances privately....