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Philip Booth
15 January 2015
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With the news that inflation has fallen to 0.5 per cent there are “fears” that we might be about to slide into deflation. It is worth noting, firstly, that it is CPI inflation that has...
G. R. Steele
14 March 2011
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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...