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Nick Silver
8 April 2013
5 comments

Last week two new financial regulatory bodies were launched, the Prudential Regulation Authority and the Financial Conduct Authority, to replace the last (failed) one – the Financial Services...
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...
Nick Silver
12 December 2012
comments

In the debate about how to deal with ongoing financial problems, many economists argue that the private sector, faced with an uncertain future and high debt levels, is saving. Therefore the public...
Nick Silver
10 October 2011
14 comments

  The Treasury has recently published Whole of Government Accounts (WGAs), which for the first time include an estimate of the UK’s actual debt, including pension liabilities. Firstly...
Nick Silver
26 April 2011
6 comments

A couple of years ago, in an IEA paper, I suggested that the UK’s public debt was many times larger than the official figure. Following the financial crisis, I recalculated my estimate ...
Nick Silver
18 January 2011
3 comments

Imagine a parallel universe where the money supply is determined by the performance of the England cricket team (I haven’t worked out all the details but please stay with me on this). In...
Nick Silver
15 September 2010
comments

I suspect that I am less of a disciple of the Austrian School of economics than many readers and many of the other writers on this blog. However, a recent game of cards has changed my mind.
Nick Silver
8 September 2010
comments

Earlier this year I published a report estimating British government debt at  £4.8 trillion . However, over the summer the Office for National Statistics (ONS) ...
Nick Silver
14 June 2010
2 comments

As we have a new government and we also have a better idea about the effects of the financial crisis on the public finances, I thought it would be worthwhile to update my 2008 paper,...
Nick Silver
26 February 2010
3 comments

" Whilst it might be presumptuous of me to disagree with the sixty eminent economists who wrote to the Financial Times last week, I would like to refer them and the reader to my paper A...
Nick Silver
3 July 2009
12 comments

I have written previously that it was a bad idea for the government to take over banks, but given that they have, they ought to be run in taxpayers’ interest. A good starting point is UKFI, the UK...
Nick Silver
17 February 2009
42 comments

Last week the government chose to ignore its own advisors and decided not to downgrade ecstasy to a “class B” drug. This is despite substantial evidence that existing policies have...
Nick Silver
26 January 2009
6 comments

In his excellent book, The Origin of Wealth, Eric Beinhocker argues that it is markets, not individual companies, which are most effective at allocating resources. This apparently subtle distinction...
Nick Silver
21 January 2009
12 comments

The Financial Times’ chief economics commentator, Martin Wolf, has put forward a convincing explanation for the ultimate cause of the current financial crisis. To briefly summarise, some...
Nick Silver
12 January 2009
6 comments

I argued in a previous blog article that an ageing population is not necessarily problematic provided pay-as-you-go (PAYG) pension systems are scaled back. However, there is always an...
Nick Silver
6 January 2009
22 comments

The UK has recently undergone a banking crisis, the reasons for which have been much analysed, but basically boil down to a mixture of liquidity problems (banks unwilling to lend to each other) and...
Nick Silver
12 December 2008
6 comments

By continually blocking reforms to public sector pension schemes, the leaders of the public sector unions may be dooming their members to an old age spent in penury. In his excellent monograph, Sir...
Nick Silver
5 December 2008
2 comments

There is a general perception that the ageing population of developed countries will lead to some kind of crisis or demographic “time bomb”. The new IEA monograph Pension Provision:...
Nick Silver
26 November 2008
24 comments

If you are a company, you have to include pensions liabilities as a debt in your accounts. However, governments, while professing to follow private sector practices in their accounts, turn a blind...

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