Arguments against the Minimum Wage
byArguing against the Minimum Wage has often been the preserve of the ‘right’ (presuming the simplistic and problematic left-right dichotomy that we impose as…
Economic Ideas: Karl Marx, the Man Behind the Communist Revolution
byWhen Karl Marx died in March 1883, only about a dozen people attended his funeral at a cemetery in London, England, including family members….
Stress Tests don’t work
byCriticisms of bank stress tests continue to mount, particularly as banks continue to struggle. A new problem recently emerged: the marked shortfall between the…
Inflation To Rise – We expect UK, ECB and US Policy to Diverge
byPurely for geopolitical reasons, namely frustration at the failure of the governments of individual member states to respond to repeated calls for “structural reforms”,…
Bring Back the Gold Gilt
byThis essay was submitted to the Richard Koch Breakthrough Prize for 2017. Executive Summary Our monetary system imposes a form of central planning, based…
Michael Tomlinson MP: Brexit is the greatest opportunity for free trade and prosperity since the repeal of the Corn Laws
byMichael Tomlinson is Deputy Chairman of the European Research Group (ERG), and is MP for Mid Dorset and North Poole. I grant you that…
The impact of household debt and saving on long run GDP growth
byNeither a borrower nor a lender be; For loan oft loses both itself and friend, And borrowing dulls the edge of husbandry. Hamlet I,…
Gini and monetary policy
byOr how central bankers are ducking the wealth transfer issue Central banks must be increasingly aware that critics of monetary policy are getting some…
Toward Tax Freedom and Justice
byImproving Tax Choice through a more democratically-just, rules-based fiscal policy. Summary Although considerable resources are expended upon attempting to influence Government spending, advocacy of…
Benn Steil: Of Debt and Detriment
byIt is the exorbitant privilege of the United States that it can conjure the world’s primary reserve currency, Valéry Giscard d’Estaing, then French finance…