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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...

To a man with only a hammer in his toolkit every problem seems like a nail

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...

Economics on the web (31.12.09)

Richard Wellings

31 December 2009

comments

" ● 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...

It’s government that gums up markets

Philip Booth

14 October 2009

comments

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...

Mixed signals from inflation data

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...

Economics on the web (18.05.09)

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...

The perils of a deflationary shock

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...

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