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Richard Wellings
6 February 2013
3 comments

The British government is right to be examining ways of shielding taxpayers from the costs of bank failure. However, proposals to ring-fence the retail operations of banks, and indeed to give the...
Nick Silver
19 December 2012
1 comment

At the height of the financial crisis the US government dramatically bailed out the insurer AIG. Last week it sold its last remaining shares in AIG for a tidy profit. Surely this marks the end of a...
Steven Kates
28 April 2011
4 comments

Only someone with professional training in economics has ever heard of the economic principle now known as Say’s Law of Markets. Indeed it was Keynes’s explicit aim in writing his...
Richard Wellings
31 January 2011
3 comments

Radio 4 has produced a documentary on F. A. Hayek and the Austrian school of economics. The programme, Radical Economics: Yo Hayek!, will be broadcast tonight (31st January) at 8:30. It...
Kevin Dowd
18 October 2010
10 comments

One of the most important issues in the ongoing economic controversy is whether the crisis is due to a “failure of capitalism”. What both sides of this argument often overlook, however,...
Tim Congdon
27 September 2010
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Bank-bashing has become commonplace, as we saw at the Liberal Democrats’ conference last week. But the bank-bashers’ credibility is waning as one of their standard allegations is...
Tim Congdon
5 August 2010
1 comment

The central constraint on economic recovery in the leading economies since mid-2009 has been officialdom’s pressure on banks to raise their capital/asset ratios. Also relevant – but to a...
Kristian Niemietz
27 July 2010
1 comment

Banker-bashing, hedge-fund bashing, speculator-bashing: one of the legacies of the financial crisis will surely be a hugely negative perception of financial markets. These are now widely...
Andre Johnston Phijuntjitr
6 July 2010
1 comment

It has become increasingly clear that interventionism played a significant role in precipitating the 2008 financial crisis. The Austrian School is more than capable of providing the...
Richard Wellings
28 March 2010
1 comment

●  Philip Booth suggests it is not “morally bankrupt” to oppose a “Robin Hood” tax ●  Patrick Basham criticises the Department of Health’s new tobacco...
Richard Wellings
27 February 2010
comments

" ●  Philip Booth criticises bishops for supporting counterproductive welfare policies ●  David Henderson argues Climategate is just the tip of the iceberg ●  Oliver Marc...
Steven Kates
15 December 2009
10 comments

Peter Clarke was Professor of Modern British History at Cambridge and is the author of one of the leading texts on the Keynesian Revolution. He has now written a biography, Keynes: The Twentieth...
Len Shackleton
5 October 2009
2 comments

The financial crisis has encouraged all sorts of ancient anti-capitalist ideas to re-emerge like long-buried monsters from the swamp in some 1950s horror movie.   The Observer’s Ruth...
Richard Wellings
7 August 2009
comments

●  Tim Congdon analyses Britain’s public debt crisis   ●  George Selgin suggests the US economy would be better off without the Federal Reserve    ●...
Richard Wellings
27 June 2009
comments

●  John Triggs celebrates the 150th anniversary of Samuel Smiles’ Self-Help   ●  Eustace Davie reviews They Meant Well: Government Project Disasters   ●  Peter J....
Richard Wellings
24 June 2009
2 comments

The last decade has been marked by a combination of low savings rates and high debt levels in both the USA and Britain. Indeed in 2005, the savings rate in the US reached zero, while 13 million...
Laurence Copeland
12 June 2009
10 comments

We could see it coming, couldn’t we? Those gigantic over-leveraged hedge funds were bound to come crashing down, as their massive bets turned sour, forcing them to default on their bank loans...
Richard Wellings
6 June 2009
comments

● Kevin Dowd on moral hazard and the financial crisis (pdf) ● David Friedman sets out the problems of cap and trade ● Oliver Hartwich explains why big government is not so smart ● Mark Koyama...
James Alexander
5 June 2009
12 comments

The threat of “systemic failure” has been used to justify recent government interventions in the financial sector. Essentially it is a “market-failure” type of argument...
Philip Booth
1 June 2009
2 comments

In every walk of life there are people who are greedy, selfish and sometimes those who downright cheat. Some MPs stretched their expenses to the limit, some people have cheated on social security...