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29 October 2012
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The government’s new plan for a two-tier road tax system has many shortcomings. In particular, it fails to address the economic distortions created by a fiscal framework that taxes...
26 October 2012
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When the euro was formed, the economic debate was marked by a paradox. Liberal economists on the continent were enthusiastic – they believed the euro’s adoption would force...
24 October 2012
11 comments
Have you heard about it? Trickle-down economics has failed. Barack Obama says so. Paul Krugman says so. The Wall Street Journal says so. The Guardian says so. You’ll hear it in...
22 October 2012
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Are the British developing a taste for smuggled booze and moonshine? There was a five-fold increase in the number of seizures of counterfeit alcohol by Trading Standards between 2008/09 and 2010/11...
19 October 2012
1 comment
The Federal Reserve’s new round of Quantitative Easing (QE3) consists of purchasing $40 billion worth of mortgage-backed securities every month and injecting corresponding...
17 October 2012
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At a meeting in the House of Commons yesterday, I was asked to describe the characteristics which should be possessed by the next Governor of the Bank of England. These were my thoughts...
17 October 2012
5 comments
At a meeting in the House of Commons yesterday, I was asked to describe the characteristics which should be possessed by the next Governor of the Bank of England. These were my thoughts...
16 October 2012
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‘If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidise it.’
This famous quote by Ronald Reagan was meant to be a summary of governments...
15 October 2012
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With aims including far more school choice for pupils from all backgrounds, and raising standards in state schools through competition, the goals of the 2010 Academies Act were bold....
15 October 2012
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With aims including far more school choice for pupils from all backgrounds, and raising standards in state schools through competition, the goals of the 2010 Academies Act were bold....
12 October 2012
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Given the constraints of political speech-making, David Cameron's effort earlier this week was reasonable. There was the misunderstanding of international trade that one always gets...
11 October 2012
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John Meadowcroft’s recent article in defence of free markets, ‘From Big Macs to Big Brother’, begins thus:
‘One of the most important contemporary debates in...
9 October 2012
1 comment
After apparently backing away from comprehensive schemes for liberalising the labour market, the government yesterday made a small gesture in this direction. In his Conservative conference...
8 October 2012
1 comment
It was utterly predictable that Germany’s political class would (ab)use the festivities of Unification Day to construct some bizarre justification for more Eurozone bailouts, and a...
5 October 2012
1 comment
One of the leading lights in the current Labour Party policy review is Jon Cruddas. He is a Catholic and no intellectual slouch. Does this mean that Ed Miliband’s new big idea...
4 October 2012
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It has been a huge surprise that, according to a recent analysis (pdf) conducted by consulting firm Oliver Wyman, Spanish banks only need a relatively small public capital injection...
3 October 2012
1 comment
The question of whether the government should be funding pressure groups is one that faces politicians across the developed world. The Australian state of Queensland has decided that...
2 October 2012
1 comment
Inequality worries a lot of people. According to the British Social Attitudes Survey, nearly four out of five respondents think the gap between the top and the bottom is too large. 57% believe the...
1 October 2012
2 comments
It is very difficult to deregulate the labour market. Here is a timely case in point – the continuing existence of the Agricultural Wages Board, which sets the new rates of pay for various...
28 September 2012
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I am very grateful to the IEA for making Private Money available as a free download on the web. On looking back over it – it was written and published in 1988 - I am struck by how...
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