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The British economy is on the wrong side of the Laffer curve
David B. Smith
16 March 2011
4 comments

With total non-oil taxes equivalent to more than 78% of residual private-sector GDP measured at factor cost once government spending has been subtracted, the British economy is probably now on the...
Quantitative easing and tighter banking regulation: a lunatic combination?
David B. Smith
5 November 2009
6 comments

There seems to be near-lunatic policy inconsistency between the employment of the controversial and potentially dangerous policy of quantitative easing to boost broad money and credit, and the...
Britain faces worst ever peacetime fiscal crisis
David B. Smith
10 June 2009
2 comments

Britain now faces one of the most serious fiscal crises in its peacetime history. One reason is that the UK is now caught up in a sudden and severe international recession. However, the government...

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