The Bristol Pound is on its last legs. The idea of creating a local currency for the city emerged “around … Continue reading “Local currencies are just make-work schemes for people with fashionable opinions”

Economists notoriously disagree about many things. Trade policy however is an exception. Famously, this is an area of agreement on … Continue reading “The malign role of protectionist political economy”

‘The fundamental principles of mercantilism and neo-mercantilism are: direction of economic life by the authorities; the belief that money is … Continue reading “Mercantilism is back with a vengeance”