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Len Shackleton
2 December 2011
1 comment

Despite the increasingly worrying position of the public finances, the urge to spend more appears to be hardwired into politicians and can be resisted only with the greatest of exertions. One area...
Kristian Niemietz
1 December 2011
1 comment

‘Britain’s poorest families have been abandoned today and left to face the worst’, goes the opening line of the Child Poverty Action Group’s (CPAG) response to the...
Richard Wellings
30 November 2011
2 comments

The Autumn Statement showed that George Osborne has failed to grasp the gravity of the economic crisis facing the UK. Urgent action was needed to brace the economy for double-dip recession and the...
Philip Booth
28 November 2011
1 comment

Last week, the IEA held a discussion on the EU. There were some prominent euro enthusiasts there, together with a large number of sceptics. I was somewhat surprised by the enthusiasm of the free-...
Stephen Michael MacLean
25 November 2011
2 comments

Students of public choice theory will recognise the rationale behind the Canadian government’s recent effort to cut waste. In response to an access-to-information request, the Treasury...
Holger Zemanek
24 November 2011
comments

The results of the last EU summit were labelled by politicians as the final step to resolve the eurozone debt crisis. The member states’ guarantees to the EFSF, the supranational rescue fund...
G. R. Steele
23 November 2011
comments

Mainstream macroeconomics presents monetary and fiscal interventions as independent policy options, and this spills over to institutional structures. In the UK, for example, the Bank of England and...
Kristian Niemietz
22 November 2011
15 comments

BBC World’s Latin America section has provided a sympathetic review of a Bolivian documentary titled ‘¿Por que quebró McDonald’s en Bolivia?’ (Why did McDonald...
Tim Worstall
21 November 2011
4 comments

Bill Gates has announced that he backs the Robin Hood Tax - a financial transactions tax - to raise money to spend in the Third World. Indeed, he told the G-20 this, in a great big report. The...
Philip Booth
18 November 2011
4 comments

  Newsnight this week had, for them, a reasonably balanced piece on the proposed EU transactions tax on Wednesday evening. There were some people in favour and some against before an...
G. R. Steele
17 November 2011
comments

The European Central Bank (ECB) sits at the centre of a clearing system (‘TARGET2’) for national central banks (NCBs) within the eurozone. The pattern that has built up, particularly...
Len Shackleton
16 November 2011
1 comment

The labour market statistics released today do not make the greatest reading. UK unemployment rose by 129,000 in the three months to September, with youth unemployment rising above a million. As...
Philip Booth
15 November 2011
1 comment

Mario Monti has the technical ability to deliver much needed privatisation and liberalisation, but whether he is able to survive the rigours of democratic politics is another matter. When the euro...
James Stanfield
14 November 2011
comments

In 2003 the United Nations Development Programme (UNDP) set up the Commission on the Private Sector and Development which was tasked with examining how the private sector and entrepreneurship can...
Mark Pennington
11 November 2011
5 comments

Recently I looked at some data on the changes in top division/Premier League footballers (soccer players for Americans) pay between 1985 and 2010 here in the UK. According to figures compiled by...
Kristian Niemietz
10 November 2011
4 comments

It was Albert Einstein who once said: ‘The definition of insanity is doing the same thing over and over again and expecting different results each time.’ He did not have social policies...
Paul Ormerod
9 November 2011
comments

To many people, this phrase is an oxymoron. How can fiscal contraction be expansionary? But the evidence suggests that this is exactly what has been happening in the United States. In terms of...
Philip Booth
8 November 2011
1 comment

It is widely expected that the Prime Minister is going to start calling for a more moral form of capitalism. I have a simple test of whether a politician is trying to debate, or avoid, tough policy...
Kristian Niemietz
7 November 2011
2 comments

A group of American conservatives have set up an initiative called 'We are the 53%', echoing the Occupy movement's 'We are the 99%' slogan. The name is an allusion to the fact...
Alberto Mingardi
4 November 2011
comments

The European debt crisis is bringing Italy into uncharted waters. With an over-400 basis point spread between Italian bonds and German bunds, a 1,900 billion euro public debt, and zero growth...