We are saddened to hear of the death of Sir Samuel Brittan, a long-standing friend of the Institute of Economic … Continue reading “Sir Samuel Brittan, R.I.P.”

In the run-up to his big speech, all the talk was of the Prime Minister promising a ‘Rooseveltian’ New Deal … Continue reading “After Corona, we need less FDR, and more Erhard”

Even if not a technical recession (two quarters of negative growth), a severe coronavirus-induced downturn looks certain across major economies. … Continue reading “Coronomics: the case against “Corona Keynesianism””

I’m not a fan of Keynesian economics. (Yes, I know: shock, massive surprise.) But for the purposes of this article, … Continue reading “Why the left needs to stop banging on about ‘austerity’”

The announcement by Phillip Hammond that there will be no Budget spending sprees is to be welcomed. When interest rates … Continue reading “Low interest rates are not an argument for more government borrowing”

To a man with a hammer, everything looks like a nail. Or when it comes to the UK economy: to … Continue reading “The Trump-Hammond-Keynesian consensus is wrong: Higher infrastructure spending does not equal higher growth”

Do not let the title of this blog deceive you, dear reader. I am a big fan of the IFS … Continue reading “Ignore the IFS, Chancellor. There is no case for a fiscal stimulus”

Pragmatism was the order of the day at Conservative Party conference today – especially from the Chancellor of the Exchequer, … Continue reading “Hammond ditches the good bits, and keeps the bad bits of ‘Osbornomics’”

A question, readers. Who said “spending and borrowing our way out of a recession, over and above the levels that … Continue reading “Hammond should ignore siren calls for more fiscal stimulus and develop a real strategy for growth”