Why US price inflation remains relatively subdued?
The yearly growth rate of the US consumer price index stood at 1.9% in August against 1.7% in July, while the growth rate of…
Read MoreSeptember, 2017
Altmann scores
“Black cab drivers to revel in victory over Uber for centuries to come” Headline from The Daily Mash. Baroness Ros Altmann could fairly…
Read MoreImprove non-consultant doctors’ pay by liberalising their private sector capabilities
Given the ongoing outrage about pay for NHS staff (especially for junior doctors, nurses etc.), one way in which to tackle this could be…
Read MoreThe forthcoming global crisis
The global economy is now in an expansionary phase, with bank credit being increasingly available for non-financial borrowers. This is always the prelude to…
Read MoreLudwig von Mises on Collectivist Fallacies and Interventionist Follies
For more than a century the world has been caught in the grip of social engineers and political paternalists determined to either radically remake…
Read MoreDoes the central bank determine interest rates?
According to mainstream thinking, the central bank is the key factor in determining interest rates. By setting short-term interest rates, the central bank, it…
Read MoreLudwig von Mises and the Real Meaning of Liberalism
Liberalism has become one of the most widely misused and abused words in the American political lexicon. It represents, some say, politically “progressive thought,”…
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Is Chinese growth about to falter?
The IMF revised Chinese growth forecasts higher in July – were they premature? Retail sales, industrial output and fixed investment have slowed The Real…
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Benn Steil: How We Know Eurozone Monetary Policy is Working Again
In 2013, I showed that the ECB’s monetary transmission mechanism had broken down in the crisis-hit periphery countries. ECB rate cuts were not being passed on…
Read MoreHere we go again…
As world stock markets continued to climb to cyclical – if not all – time highs, it became almost the norm for industry talking…
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