Blog

Search

Gordon Pepper
5 March 2009
4 comments

The Bank of England is about to announce quantitative measures. The crucial thing to watch for is not the type of asset that the Bank will purchase, whether it will be private sector assets, for...
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...
John Greenwood
7 January 2009
comments

Alan Walters was an inspiring teacher with a broad interest in a variety of economic problems. He was especially interested in applying theoretical ideas to practical problems. I first met him in...
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
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...
Richard Wellings
16 October 2008
6 comments

Several bloggers, including Guido Fawkes, have rightly emphasised the relevance of Ludwig von Mises’ work to the current financial crisis. The writings of Mises’ pupil, Nobel...
Kristian Niemietz
14 October 2008
16 comments

In an interview with Spiegel Online, 2006 Nobel laureate Muhammad Yunus states that the current financial crisis is proof that capitalism has gone wild: “Adam Smith’s invisible hand,...
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
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....