Economics
Characteristics of Government Today
Two hundred years ago Lord Macauley wrote “the measure of a man’s real character is what he would do if he knew he would never be found out”. This intriguing insight is as true of [more…]
HM Treasury
Economics
Growth is the antidote to stagnation – but it requires knowledge and leadership
By now even Treasury officials and central banks recognise that their practice of Quantitative Easing has run its course. In its contemporary form, QE began a dozen years ago as a temporary emergency measure enacted [more…]
Economics
The Public are Waking up to the Evils of Inertial Manipulation
With prices increasing rapidly across a wide range of materials, goods and products, especially basics like foodstuffs and energy, it is astonishing that what citizens now encounter every day is so persistently, and perversely, denied [more…]
Economics
Designing Tax Policy – it should be obvious!
A well-designed tax policy would extract from citizens’ wealth what’s needed by the government to protect their lives and civil liberties. It would not be designed to achieve purely political objectives, no matter how dressed [more…]
Economics
Government’s Wayward Spending – It’s Our Money!
Expenditure by “Big-government” is not readily susceptible to economic calculation. Therefore it’s impossible to know whether citizens would support central or local spending proposals – and they are never consulted anyway. The result is often [more…]
Business
Growth? Not in this Budget
We have just endured yet another March Budget in which the Chancellor sets out his strategy for balancing the nation’s expenditure plans with its available resources, principally from taxation. They are, of course, his spending [more…]
Business
Post Covid Conjectures
While speculation is rife about what the post-Covid economy will look like, we must remember that economic fundamentals are not susceptible to alteration. They may adapt to changed circumstances, but no external modifications in society [more…]
Economics
How the Crisis Unfolds
Economically speaking, we are in a pickle. The blame-game is in full flow in its search for scapegoats. The most obvious culprit is, of course, the Covid virus, but it would be a huge mistake [more…]
Business
Macroeconomics? The highway to collectivism
It is noticeable that the Covid-inspired devastation has brought out a sizeable crop of (apparently) sane economists who claim that we should stop worrying because it’s all OK, really. The Treasury should carry on printing [more…]