Incisive and topical campaigns and commentary on today’s issues and tomorrow’s problems
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Central Banks need to remember recessions bring more state borrowing as well as economic misery.
In recent years a lot of economic advice and analysis has got too complex and out of touch . As a result the Bank of England misread inflation and presided over a major surge in prices that set in before an unexpected and unwanted European war made it worse. The...Read More »
My Conservative Home Article: Tackling the energy crisis is the key to defeating both recession and inflation
Below you will find my latest Conservative Home:
The new prime minister will want to finalise plans to tackle the cost of...Read More »
Zimbabwe, Venezuela, Sri Lanka – three poster countries for price controls
Venezuela has been brought low by printing lots of money, by price controls and nationalisation. A potentially rich country with the world’s largest oil reserves, Venezuela has seen its income per head fall from $12,000 in 2011 to just $1877 last year after a decade of price controls and nationalisation.
Zimbabwe,...Read More »
Why price controls and windfall taxes do not work
Let me begin by making it clear I do want government to ensure everyone has sufficient money to be able to keep warm and do their cooking this winter. That is best done by allowing people to keep more of their income through tax cuts , or by giving people...Read More »
An independent Central Bank
I read various bizarre articles defending the Bank of England’s independence against an imaginary threat from Liz Truss. I only know what she has said in public, where she issued no threat to Bank independence. She said she favoured a review of the Bank’s mandate to see if it met...Read More »