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Lawrence H. White
13 February 2014
11 comments

On 18 September 2014, Scotland will hold a voter referendum on whether it should become independent. If voters say ‘yes’, what money should the newly independent Scotland adopt?...
G. R. Steele and John Whittaker
13 August 2013
1 comment

Although macroeconomic policy has become largely confined to monetary-policy initiatives - that is, meddling with interest rates - the Keynesian propensity of central bankers and finance ministers...
Anthony J. Evans
7 August 2013
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I don’t view today’s announcement by the Bank of England as being a major change in monetary policy. The inflation target of 2% remains in place and the tools with which the Monetary...
David S. D'Amato
31 May 2013
2 comments

In the wake of the financial crisis, there are growing movements in the USA and the UK to abolish the countries’ central banks, the Federal Reserve System and the Bank of England. And while...
Philip Booth
23 April 2013
4 comments

Today the Treasury has released a report on the potential currency arrangements for an independent Scotland. Here, I will leave aside the issues of who ‘owns’ the Bank of England and...
Steven Kates
28 February 2013
10 comments

Has Keynesian economics reached the final frontier of idiocy? I may live on the other side of the world, but this article in The Telegraph found its way to me. It is a story that makes me think...
Philip Booth
23 January 2013
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  An interesting comment was made recently by Andrew Lilico at a meeting of the IEA’s Shadow Monetary Policy Committee. He suggested that the Bank of England has given up inflation...
Philip Booth
9 November 2012
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Earlier this week, a group of leading academics called for a revolution in financial regulation. This call came after the publication of a group of papers examining regulation across every field of...
Philip Booth
17 October 2012
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  At a meeting in the House of Commons yesterday, I was asked to describe the characteristics which should be possessed by the next Governor of the Bank of England. These were my thoughts...
Philip Booth
17 October 2012
5 comments

  At a meeting in the House of Commons yesterday, I was asked to describe the characteristics which should be possessed by the next Governor of the Bank of England. These were my thoughts...
Anthony J. Evans
11 March 2011
4 comments

In this month's Standpoint magazine Tim Congdon has written a rich and insightful contribution to the debate about quantitative easing. He challenges Gordon Brown's portrayal of his own...
Cliff Pratten
10 March 2011
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It is difficult to argue against the view that with assets about thirty times their capital in 2007, UK banks were under capitalised, but papers written at the Bank of England go far beyond making...
G. R. Steele
21 January 2011
16 comments

A member of the Bank of England’s Monetary Policy Committee believes that inflation has been driven ‘by higher food and energy costs’; and the head of the European Central Bank...
G. R. Steele
19 November 2010
2 comments

As one set of economists warns that rapid debt reduction is likely to plunge the economy into deep recession, another set argues that debt reduction is essential to restore financial stability and...
Philip Booth
18 November 2010
3 comments

David Blanchflower has once again suggested that we would not need to worry about austerity if only we allowed price inflation of 5% for a few years. Let us ignore the moral issues of whether...
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...
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...
Philip Booth
9 August 2010
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In their election document, the country’s Catholic bishops – who are not known for their support of free market economics – pointed out: “A society that is held together just...
Terry Arthur
4 August 2010
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In 1997 Gordon Brown removed the so-called “self-regulatory” system for financial services under the Securities and Investment Board and created the Financial Services Authority (FSA)....
Charles K. Rowley
3 August 2010
3 comments

Mervyn King was appointed Deputy Governor of the Bank of England in 1997 and became an ex-officio member of the Bank’s interest-rate setting Monetary Policy Committee when the...