Economic Ideas: Karl Marx’s Misconceptions about Man and Markets
byThough it may seem strange, Karl Marx was not always a communist. As late as 1842, when Marx was in his mid-20s, he actually…
Economics
Faking it
byThanks to the election of President Trump and his uncompromising attitude to the establishment media, much hot air is being expended on the subject…
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…
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,…
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…