What the classical economists knew and the moderns have forgotten – part 5
byToday, as the last article in this series, we present the words of Say himself, taken from his masterpiece A Treatise on Political Economy….
The economic consequences of central bankers
byMore unemployment. More recession. More massive public debt. More print-more-money-and-pray quantitative easing. More Mervyn King bleating on about the stalled economy – but failing to…
The fallacy of economic growth
byThe most important objective for any government is to achieve economic growth. Out of this growth develops employment and taxes to fund government itself….
Ostriches at the IASB
byIn an article for the FT on the 5th of February, highlighted by Steve Baker in a recent speech, Lord Lawson wrote: The auditing…
Can the Fed grow the economy?
byA fall in the unemployment rate to 8.3% in January from 8.5% in the month before has prompted many commentators to suggest that the…
Katastrophenhausse
byMainstream economists seem to have a problem understanding prices. They might draw supply and demand curves and talk about elasticity. They are sure to…
The business cycle throws the GOP a curveball
byA view from America … 243,000 new jobs? This is more than respectable. No unseemly disparagement by Republicans welcome, nor victory lap by Democrats. …
Stop the (printing) press
by“FRED GOODWIN. Have the last laugh by donating a couple of million to the Tory party and receiving a life peerage.” – From the…
Pensions and fiscal reform
byEuropean countries offer a variety of pension schemes. For our purposes here, I want to draw attention to the variety of public participation rates…
Pennies drop as the conversation shifts
byAt the end of January, TCC Senior Fellow Detlev Schlichter spoke at an Adam Smith Institute seminar called ‘Monetary Reform and the Eurozone Crisis’….