It is important for any expert to know their limits. It could be argued that economists ‘oversell’ themselves and pretend … Continue reading “Economists – know your limits!”

The financial crash knocked some of the stuffing out of the economics profession, though you wouldn’t know it given the … Continue reading “It’s time for diversity (in the unfashionable sense) at the Bank of England”

Rt Hon Dr Liam Fox MP, former Secretary of State for Defence, spoke to ieaTV in the aftermath of his … Continue reading “Interview with Liam Fox MP”

On 18 September 2014, Scotland will hold a voter referendum on whether it should become independent. If voters say ‘yes’, what … Continue reading “Should an independent Scotland keep the pound?”

Although macroeconomic policy has become largely confined to monetary-policy initiatives – that is, meddling with interest rates – the Keynesian … Continue reading “Mark Carney ‘out-Herods Herod’”

I don’t view today’s announcement by the Bank of England as being a major change in monetary policy. The inflation … Continue reading “Forward guidance takes monetary policy even further down the wrong track”

In the wake of the financial crisis, there are growing movements in the USA and the UK to abolish the … Continue reading “How independent are central banks?”

Today the Treasury has released a report on the potential currency arrangements for an independent Scotland. Here, I will leave … Continue reading “Can Scotland extract itself from the Bank of England?”

Has Keynesian economics reached the final frontier of idiocy? I may live on the other side of the world, but … Continue reading “Negative interest rates: policy reaches a new low”