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Krugman’s liquidity trap claptrap
Tim Congdon
29 February 2012
15 comments

Free market capitalism is the best system of economic organisation ever devised. The 20th century demonstrated that it is consistent with both material prosperity and personal freedom. However, the...
Emigration of the financial sector would be a national catastrophe
Tim Congdon
19 March 2011
comments

UK officialdom appears to believe that if the City of London’s international financial services left the UK it would not matter much to the economy. This is undoubtedly part of the...
The continuing government attack on the City of London
Tim Congdon
3 January 2011
1 comment

Since the financial crisis began in autumn 2007 with the Northern Rock fiasco, a consensus narrative has developed. The central theme is that the crisis is to be blamed not on monetary mismanagement...
Bank-bashing politicians could severely damage the City
Tim Congdon
27 September 2010
comments

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...
Demands for extra bank capital are hampering the recovery
Tim Congdon
5 August 2010
1 comment

The central constraint on economic recovery in the leading economies since mid-2009 has been officialdom’s pressure on banks to raise their capital/asset ratios. Also relevant – but to a...
Reasons to be negative about the UK’s growth prospects
Tim Congdon
26 May 2010
7 comments

In the 15 years to 2007, the British economy had on average faster growth (by about 0.5% to 0.75% a year) than its large European neighbours. A similarly benign context of rising trend output and...
Blame Brown’s reforms for the banking bust
Tim Congdon
30 March 2009
comments

The current financial crisis raises fundamental questions about the relationship between the commercial banks and the Bank of England. Before 1997 Britain had a system in which the Bank of England...
The case for privatising the Bank of England
Philip Booth
26 March 2009
4 comments

Earlier in the week, David Cameron signalled that he believed that banking regulation should be returned to the Bank of England. However, there is a danger in thinking piecemeal about this problem....

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