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G. R. Steele
14 March 2011
2 comments

Inflation is the process whereby ‘things’ – balloons, tyres, opinions, etc. – wbecome enlarged. Deflation is the reverse process. In economics, inflation generally refers to...
Philip Booth
1 October 2010
5 comments

MPC member Adam Posen said in a speech in Hull that we must loosen monetary policy or we are in danger of having a very long period of slow growth as has been experienced in Japan. He also...
Richard Wellings
31 December 2009
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" ●  The IEA’s climate change debate, featuring Nigel Lawson and S. Fred Singer, is now online (videos) ●  Mark Littlewood talks to Al Jazeera about the state of the UK...
Philip Booth
14 October 2009
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According to Keynes, sticky prices in markets lead to a phenomenon whereby we can get disequilibrium in the labour market unless the government intervenes to prevent deflation. As ever, all the...
Philip Booth
21 May 2009
2 comments

A couple of days ago the bogus Consumer Price Index registered a dip to an annual rise of 2.3%. The RPI fell further into negative territory. Perhaps the best measure of inflation, RPIX (the...
Richard Wellings
18 May 2009
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●  Philip Booth explains how regulation contributed to the financial crisis   ●  Theodore Bromund reviews Verdict on the Crash   ●  Tom Clougherty on Tax Freedom Day...
Philip Booth
8 December 2008
4 comments

Deflation means that the pound in your pocket is worth more each year. In an earlier age, deflation was regarded as benign at worst. For a couple of hundred years before 1946, moderate deflation...