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Philip Booth
8 June 2012
6 comments

Europe is riddled with bad debt. In some countries, such as Spain, banking systems are in chaos. In other countries, the government has accumulated sufficient debt that it does not even require a...
Philip Booth
7 June 2012
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There is some sense in the EU’s new plans to change the way in which banks are regulated. In particular, there are two major problems with the current system of regulation in the EU. Firstly...
Philip Booth
29 May 2012
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In my last blog post I looked at the complexities of the UK tax system. Unfortunately, in order to make it remotely comprehensible, it was greatly simplified. The example taken was a relatively...
Philip Booth
28 May 2012
2 comments

If one were to set out to design a malfunctional tax and benefits system from scratch you would probably end up with what we have in the UK. As such, the Taxpayers’ Alliance new...
Philip Booth
24 May 2012
3 comments

Michael Sandel is in town at the moment to promote his book How Markets Crowd Out Morals. His article on the subject in the Boston Review is a clever piece that makes some interesting points. But...
Philip Booth
18 May 2012
1 comment

Working out who exactly owes what to whom in the eurozone is an increasingly difficult job. Money is pouring out of Greece and now, it would appear, Spain at a rapid rate. €700m apparently...
Philip Booth
16 May 2012
3 comments

  It might be thought that a succession of ‘tax cutting’ governments from 1979 and a government pledged to reduce inequality from 1997 would have led to a huge increase in the...
Philip Booth
11 May 2012
1 comment

In my last blog post, I looked at Archbishop Williams’ use of legal organ sales as an example of the degeneracy of the market economy. The fact that organ sales are not legal is a detail that...
Philip Booth
10 May 2012
3 comments

The Archbishop of Canterbury’s latest foray into the world of political economy does him even less credit than his previous attempts. He is an intelligent man, but capable of arguments...
Philip Booth
30 April 2012
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A brief pamphlet has recently been published by Civitas, written by John Mills – ‘A Price that Matters’. This pamphlet makes the case that the UK should have an explicit...
Philip Booth
13 April 2012
2 comments

  Last month, the IEA co-published Lost Causes by Deepak Lal. The book can be bought from the IEA here. It was interesting to see, in the wake of the 2012 budget, various think tanks and...
Philip Booth
4 April 2012
7 comments

  The government’s decision to seek greater university involvement in the A-level examination system is to be welcomed. In many ways it is a return to the system that used to exist...
Philip Booth
23 March 2012
1 comment

At the IEA’s Budget briefing yesterday I called for the annual Budget to be abolished – or at least slimmed down to a very brief statement. This echoes calls made by Anthony Evans in...
Philip Booth
20 March 2012
1 comment

The government's decision to nationalise the assets of the Royal Mail pension fund while taking on all future liabilities is another example of accounting sleight-of-hand by an administration...
Philip Booth
13 March 2012
2 comments

  The country has recently been asked to celebrate the beginning of “Fairtrade Fortnight”. Fairtrade is a private certification scheme that, according to the Fairtrade Foundation...
Philip Booth
8 March 2012
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  The government is to be applauded for its attempts to get the medium-term public finances under control. However, its enthusiasm to do so is leading, increasingly often, to decisions that...
Philip Booth
27 February 2012
3 comments

Tim Montgomerie has been a leading advocate of a move from income to wealth taxes in recent months. In a recent article in The Times he dismissed what he described as fallacies about wealth taxes....
Philip Booth
20 February 2012
7 comments

Recent US growth figures seem to have re-energised naive Keynesians who, lacking any real evidence or credible prior theory for their case, leap upon anything that can justify policies that involve...
Philip Booth
15 February 2012
5 comments

The UK has been put on a credit-rating downgrade watch. This is not surprising, but one wonders whether Moody’s is focusing on the right issues. In particular, Moody’s cited the lack of...
Philip Booth
8 February 2012
2 comments

An organisation called Catholic Voices organises seminars – amongst other things – to help young Catholics in the media. A few months ago, I spoke at one of their seminars about...