Stephen Michael MacLean
27 February 2014
1 comment

The allure of minimum wage laws arises once more in both the UK and the US. While Chancellor Osborne has suggested raising the national minimum wage to £7.00, President Obama’s State of...
Philip Booth
14 February 2014

In the dark days of the 1970s, Labour MPs Jeff Rooker, then aged just 36, and Audrey Wise engineered an important rebellion against Denis Healey’s 1977 Finance Act. They ensured that...
Stephen Michael MacLean
16 September 2013

Readers of the Telegraph blogs may have been intrigued by the title of a recent essay by Jeremy Warner, ‘Currency debasement never works — just ask Henry VIII’, only to discover -...
Pete Comley
15 July 2013

If you look at UK inflation over the last few centuries, you are immediately struck by the change that occurred after 1945. Until then, inflation took place mainly during major wars and then periods...
Richard Wellings
6 February 2013

The British government is right to be examining ways of shielding taxpayers from the costs of bank failure. However, proposals to ring-fence the retail operations of banks, and indeed to give the...
Philip Booth
23 January 2013

  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...
Jose-Maria Garcia-Casado
12 July 2012

Occasionally we hear the voices of a minority with a penchant for the Austrian School of thought, questioning the current monetary system and calling for a return to the gold standard or a similar...
Chris Snowdon
28 June 2012

If he maintains this Stakhanovite work-rate, Dominic Sandbrook will have written the definitive, 8,000-page history of Britain’s post-Churchillian twentieth century by the time he is 44 years...
G. R. Steele
1 June 2012

Martin Wolf recently committed the Financial Times to a $71.88 lunch-time interview with Paul Krugman. Whatever the quality of the meal, the interview was poor value. Three questions were covered:...
G. R. Steele
14 March 2011

Inflation is the process whereby ‘things’ – balloons, tyres, opinions, etc. – wbecome enlarged. Deflation is the reverse process. In economics, inflation generally refers to...
G. R. Steele
21 January 2011

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...
Philip Booth
18 November 2010

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...
Charles K. Rowley
3 August 2010

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...
D. R. Myddelton
9 July 2010

It is distressing to witness yet another piece of financial chicanery by the British government, which now proposes to substitute the Consumer Prices Index for the Retail Prices Index as the “...
Andre Johnston Phijuntjitr
17 June 2010

Over the past year there have been murmurings of expansive new proposals for a global reserve currency to replace the long suffering, yet still hegemonic, dollar. One such proposal has been the...
Andre Johnston Phijuntjitr
9 June 2010

A trillion here, 500 billion there - it seems no amount is too much when the authorities want to fix a perforated economy. Keeping an economy on life support through extensive...
Toby Baxendale
29 April 2010

Language was created spontaneously and needed no act of creation or sanction by the state – it is owned by each and every one of us. Money was also created this way, but today we have...
Steven Kates
23 February 2010
1 comment

The world is filled with irony and idiocies aplenty. For how many years was inflation targeting the very essence of economic policy when the threat of inflation was hardly anywhere to be seen. How...
Philip Booth
25 September 2009

If the next government, of whatever colour, insists on not taking the bold step of getting the government out of the production and management of the money supply – and political realism...
Peter King
6 August 2009

The Royal Institution of Chartered Surveyors (RICS) announced today that they had changed their forecast on house prices for 2009, and that instead of a fall they now foresee a...

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