I am reading the Economist and Financial Times 2013 book of the year, Stephen D. King’s When the Money Runs … Continue reading “What to do before the money runs out”

Prof Leszek Balcerowicz, both the former chairman of the National Bank of Poland and Deputy Prime Minister of Poland, is … Continue reading “Balcerowicz on economic ‘shock therapy’”

The Chancellor’s Autumn Statement certainly contained some good news – but not enough to justify the self-congratulation that we saw, … Continue reading “The Autumn Statement brought good news – but not enough for the self-congratulation we saw”

I was given a copy of John Kenneth Galbraith’s 1975 treatise which goes by the name of Money: Whence it … Continue reading “Debts, deficits and slow growth”

British Chancellor George Osborne and United Kingdom Prime Minister David Cameron received a timely reminder today that their tough-sounding rhetoric … Continue reading “Freeze UK public spending for five years to achieve growth”

One estimate (from the Olympic Delivery Authority) for the overall ‘Public Sector Funding Package’ for the London 2012 Olympic Games, placed it … Continue reading “London 2012: gold, but not growth”

Relying on growth was always going to be a risky strategy. Yet a healthy recovery, with robust GDP increases of … Continue reading “Cut more, regulate less”

Recent US growth figures seem to have re-energised naive Keynesians who, lacking any real evidence or credible prior theory for … Continue reading “From naivety to sophistry – Keynesian arguments on both sides of the Atlantic”

The UK has been put on a credit-rating downgrade watch. This is not surprising, but one wonders whether Moody’s is … Continue reading “This medium-termist government needs to think long-term – now”