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G. R. Steele
14 March 2011
2 comments

Inflation is the process whereby ‘things’ – balloons, tyres, opinions, etc. – wbecome enlarged. Deflation is the reverse process. In economics, inflation generally refers to...
Mark Pennington
11 March 2011
comments

European commentators on US healthcare are often misguided in their description of the American system as a ‘free market’ model – when that system involves significant levels of...
Anthony J. Evans
11 March 2011
4 comments

In this month's Standpoint magazine Tim Congdon has written a rich and insightful contribution to the debate about quantitative easing. He challenges Gordon Brown's portrayal of his own...
Cliff Pratten
10 March 2011
comments

It is difficult to argue against the view that with assets about thirty times their capital in 2007, UK banks were under capitalised, but papers written at the Bank of England go far beyond making...
Len Shackleton
9 March 2011
1 comment

When top-up fees were introduced in England and Wales in 2006-7, squeamishness amongst MPs was mitigated by an obligation placed on universities and colleges to sign ‘access agreements...
Philip Booth
8 March 2011
4 comments

Today's announcement by Iain Duncan Smith that there will be a simple state pension of £140 for all has been widely welcomed. Indeed, the proposals look a little like the...
Tom Papworth
7 March 2011
9 comments

Over at the Adam Smith Institute, Dr. Eamonn Butler criticises Stephen Williams’ proposals to give away the Government’s shares in RBS and Lloyds to each and every person in the country...
Mark Pennington
7 March 2011
2 comments

Ronald Coase is one of my favourite living economists (he is now 100 years old). His work on the significance of transactions costs and dealing with problems that these costs raise is fundamental...
Steve Davies
6 March 2011
1 comment

A book by Tyler Cowen is certain to be thought provoking and original. His latest work is no exception and has very serious implications for the future of politics and political debate if his...
Mark Littlewood
4 March 2011
1 comment

With all the provisos attached to News Corp’s takeover of BSkyB, opposition to the deal has surely now been diluted. But there are, perhaps, two groups who can still legitimately complain...
Mark Pennington
3 March 2011
comments

I tune in to Fox News occasionally to get some relief from the constant left of centre bias offered by the BBC – the latter is currently offering an incessant stream of reports on how public...
Philip Booth
3 March 2011
5 comments

This week, Pensions Minister Steve Webb MP described the views of the authors of Sharing the burden - How the older generation should suffer its share of the cuts as “loathsome”. It...
Tom Papworth
2 March 2011
27 comments

Over at Cafe Hayek, George Mason professor of economics Russ Roberts turns his guns on the ”buy local” fallacy. Roberts is a far better economist than I am, and I have no doubt that...
Mark Pennington
28 February 2011
2 comments

Joseph Stiglitz is, quite rightly in my view, one of the most respected economists of his generation. Whatever one thinks about the interventionist policy conclusions that he derives from the...
Robert Barro
28 February 2011
comments

How ironic that Wisconsin has become ground zero for the battle between taxpayers and public- employee labor unions. Wisconsin was the first state to allow collective bargaining for government...
Kristian Niemietz
28 February 2011
32 comments

Anti-consumerists are sometimes criticised for not practicing what they preach. Buying stuff is sinful – as long as it’s the stuff that other people buy. Frequenting fancy art galleries...
Philip Booth
25 February 2011
2 comments

The government talks a good decentralisation game and, no doubt, there are some good things happening. However, we need more coherence across this field of policy. There are 'easy hits...
Kristian Niemietz
24 February 2011
6 comments

There is much to be said in favour of the coalition’s welfare reform bill. Perhaps its main achievement is that it greatly diminishes the uncertainty and risk associated both with entering...
Philip Booth
23 February 2011
35 comments

The Comprehensive Spending Review (CSR) was not particularly comprehensive. It will reduce spending as a proportion of national income to the levels we had in 2007 – hardly ambitious. By 2015...
Nick Hayns
22 February 2011
9 comments

Last night’s really rather depressing Dispatches programme, on Channel 4, ended with a rousing signal to arms, a clarion call from journalist Mark Sparrow for there to be “a patients...

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