Blog

Search

Philip Booth
18 March 2013
2 comments

  The chancellor should announce that this will be the last annual budget of its type. Unfortunately, the budget is now used to make announcements that have nothing to do with Treasury...
14 March 2013
1 comment

Philip Booth
14 March 2013
comments

Philip Booth
13 March 2013
5 comments

Fortunately, as I am in Iceland at the moment, I managed to miss yet another appearance on Newsnight by Paul Krugman. However, I gather that he said: ‘The British economy is somehow employing...
Philip Booth
19 February 2013
3 comments

I do not agree with taxes on wealth as a matter of principle. In general, increases in wealth come from two sources. It is saved from income that has already been taxed, or it arises as a...
Philip Booth
14 February 2013
comments

The government reached the position in 2009 where it could spend no more. In many respects the position was similar to that in which Britain found itself during the late 1970s. Government spending...
Philip Booth
11 February 2013
comments

The ‘problem’ of better off people having to sell their homes to go into a care home has been around for two decades. Arguably, the issue raised its head when the Conservative...
Philip Booth
7 February 2013
1 comment

  James Buchanan pointed out that the problem with much policy-related economics is that it assumes one type of human person in the market place (the imperfectible human being generally...
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...
Philip Booth
23 January 2013
comments

  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...
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...
Philip Booth
11 January 2013
comments

  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...
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....
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...
Philip Booth
2 January 2013
6 comments

There has been a huge growth in game theory in undergraduate economic courses in recent years. Indeed, some universities seem to think it should form the main pillar of study. This was brought home...
Philip Booth
11 December 2012
1 comment

The non-stop tide of new regulation from the government continues. It now appears to be preparing to accept an amendment to the Financial Services Bill, which will allow the Financial Conduct...
Philip Booth
3 December 2012
2 comments

Those attacking companies not paying corporation tax have opened up a new line of argument. Specifically, members of the House of Commons’ Public Accounts Committee have argued that because...
Philip Booth
28 November 2012
1 comment

Another bailout deal has been secured for Greece. Some of the country’s borrowing will be written off – it will be left with a debt to GDP ratio of 'only' 125 per cent. But is...
Philip Booth
19 November 2012
3 comments

The US election was finely balanced, despite the attempts by the BBC to suggest otherwise. The vote was split roughly half and half, and Catholics were roughly split in line with the country as a...
Philip Booth
16 November 2012
3 comments

The eurozone is in recession. This is no surprise. Neither is it surprising that the south is struggling much more than the north. Keynesians are responding with a chorus of voices arguing that...