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30 November 2012
3 comments
With the benefit of hindsight, articles on inflation from pre-monetarist days can make a very amusing read. Back then, economic journalists were essentially arguing that inflation is...
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...
26 November 2012
3 comments
I suspect this hypothetical dialogue will look vaguely familiar to many readers:
Europhile: ‘The global economy of the future will be dominated by...
23 November 2012
2 comments
Today’s agreement on energy policy, ahead of the forthcoming introduction of the Energy Bill, shows the government remains committed to meeting ambitious targets on greenhouse gas...
20 November 2012
3 comments
‘The philosopher's stone is a legendary alchemical substance said to be capable of turning base metals into gold.… Efforts to discover the philosopher's stone were known as the...
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...
19 November 2012
26 comments
According to a review commissioned by the Department of Social Security, ‘the costs of travelling to work will ... be a factor in some people’s decisions about whether to look for or...
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...
15 November 2012
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This week Nick Clegg has announced the government’s intention to extend to all employees the right to request flexible working. This proposal seems not to have excited much concern amongst...
14 November 2012
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A lot of pro fiscal stimulus arguments in the USA and the UK come from the classical zero lower bound (ZLB) assumption, in which conventional monetary policy is said to be ineffective...
13 November 2012
1 comment
The Dutch sometimes find it annoying that most people use the terms ‘Holland’ and ‘the Netherlands’ as synonyms. Holland, they insist, is just one part of the...
12 November 2012
4 comments
Who among Sunday Telegraph readers has not tried to avoid paying tax? I should imagine that most married readers keep their assets in the name of the spouse with the lowest tax rate.
And I...
9 November 2012
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Earlier this week, a group of leading academics called for a revolution in financial regulation. This call came after the publication of a group of papers examining regulation across every field of...
8 November 2012
1 comment
When you get stuck on the tube, and hear the driver’s voice on the loudspeaker saying ‘we are currently being held here at a red signal’ – do you sometimes feel a flash of...
6 November 2012
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Let us set aside the argument about whether global warming is a serious threat that we can address through Government policy. Let’s assume that it is. Given the threat, should we go about...
5 November 2012
2 comments
In the aftermath of Hurricane Sandy, the New York and New Jersey areas of the US suffered shortages of gasoline and other necessities for several days. This is not unusual as almost every major...
2 November 2012
4 comments
A while ago, I saw a study on American attitudes towards the death penalty, and in particular, on how the belief in its deterrent effect correlates with the belief in its moral...
1 November 2012
5 comments
‘With Trident we could obliterate the whole of Eastern Europe’, protests Sir Humphrey Appleby in a classic episode of Yes Prime Minister when Jim Hacker tells him that he is...
31 October 2012
3 comments
Today marked the publication of Tarzan’s new growth report. Not surprisingly, it is being welcomed by the Labour Party and trades unions as well as representatives of big business. Indeed,...
30 October 2012
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One estimate (from the Olympic Delivery Authority) for the overall ‘Public Sector Funding Package’ for the London 2012 Olympic Games, placed it in the region of £10...
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