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Kristian Niemietz
4 February 2013
2 comments

Even in its current shackled and constrained form, modern capitalism still has a lot to show for it. One of the greatest developments of the last two decades has to be the extension of air travel...
Philip Booth
1 February 2013
comments

  Banks are embroiled in another “mis-selling” scandal, but we can be sure that customer behaviour won’t be affected. Few people will switch bank as a result. Regulation...
Christopher Snowdon
30 January 2013
7 comments

We are used to single issue campaigners flagging up costs to the health service as a justification for raising taxes and restricting liberties. This week the big figure is £6 billion - the...
Kristian Niemietz
28 January 2013
4 comments

When New Labour came to power, one in five children lived in a household with no adult in work, so it was not unreasonable that parental work levels became a priority for the new government. A key...
Christopher Snowdon
24 January 2013
9 comments

In The Guardian this week, Zoe Williams laments the charity sector’s failure to speak out against government policy. She attributes this supposed conspiracy of silence to the statutory...
Philip Booth
23 January 2013
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  An interesting comment was made recently by Andrew Lilico at a meeting of the IEA’s Shadow Monetary Policy Committee. He suggested that the Bank of England has given up inflation...
Richard Wellings
22 January 2013
10 comments

Taxpayer subsidies to the rail sector have reached astronomical levels. At £6 billion per year (including Crossrail), they have roughly trebled in real terms over the last twenty years. But...
John Meadowcroft
21 January 2013
4 comments

An important component of the argument of F. A. Hayek's The Road to Serfdom is that those people likely to derive utility from directing and ordering others will come to occupy the positions at...
Kristian Niemietz
18 January 2013
15 comments

Imagine there was a Food Tax which had the effect of raising food prices by, say, 17% on average. The tax revenue was collected centrally, and then disbursed to agricultural producers. That tax...
Christopher Snowdon
17 January 2013
6 comments

  A curious little idea was reported by the BBC and the Telegraph this week, when two academics from Bath University called for the UK’s tobacco industry to be ‘regulated like...
Philip Booth
16 January 2013
comments

Earlier this week, the government announced a new pension reform which would involve the creation of a flat-rate state pension at around the minimum level of income deemed necessary to support a...
Kristian Niemietz
15 January 2013
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Econometric literature is notorious for its inconclusiveness. Even for seemingly straightforward issues such as the impact of minimum wage laws, you can always find econometric papers on both...
G. R. Steele
14 January 2013
2 comments

A review of Keynes Hayek: The Clash That Defined Modern Economics by Nicholas Wapshott. As the Luftwaffe targeted culturally-rich cities in 1942, two economists took their turn in fire-watching...
Philip Booth
11 January 2013
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  A thriving economy needs saving and capital investment. Capital investment is inherently risky because it involves making a judgment about returns from entrepreneurial ventures when our...
Eamonn Butler
9 January 2013
1 comment

Friends of the IEA will be sorry to hear of the death of James M. Buchanan, the US economist and Nobel Laureate. In the 1960s, with colleague Gordon Tullock, Buchanan brought to wide attention...
Kristian Niemietz
8 January 2013
3 comments

Anyone who has ever read half a page in a Public Choice textbook will, if nothing else, at least have taken the following insight on board: if the benefits of a policy are tangible and concentrated...
Len Shackleton
8 January 2013
2 comments

The Labour Party has created a stir in advance of today’s vote on restricting benefit increases by proposing a ‘jobs guarantee’ for 130,000 long-term unemployed. This would be...
Philip Booth
7 January 2013
2 comments

  In a number of newspapers today, I am quoted accusing the government of ‘family bashing’ with reference to its decision to remove child benefit from higher-earning recipients....
Steve Davies
4 January 2013
3 comments

The sight of politicians being forced to make tough decisions and frantically trying to do so in a way that upsets nobody would be grimly entertaining if the consequences were not so frequently...
Philip Booth
3 January 2013
1 comment

If the Child Poverty Action Group (CPAG) were to issue a press release this holiday period, which of the following do you think would be the most likely headline? CPAG claims that the...