Welfare costs rapidly escalating – everywhere
Many of us are aware of Professor Laurence Kotlikoff of Boston University’s calculation that the net present value of the US Government’s future liabilities…
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Banking: From Bagehot to Basel, and Back Again
As reported yesterday on Mises.org, there were some very encouraging statements in Mervyn King’s Monday speech to the Buttonwood Gathering in New York. King…
Read MoreNiall Ferguson on Keynesianism
Steve Baker’s researcher, Tim Hewish, found an interesting CNN interview with Niall Ferguson on the US approach to the economic crisis: … the way…
Read MoreLimited Purpose Banking?
In April, I reviewed Jimmy Stewart is Dead by Laurence Kotlikoff. Yesterday, Jerry O’Driscoll posted a review of his own: Chapter 1 of the…
Read MoreThe Emperor’s New Clothes: How to Pay off the National Debt & Give a 28.5% Tax Cut
I offer a £1,000 reward for anyone who can tell me why this logically won’t work, practical politics, for now, being another matter. What…
Read MoreLaurence Kotlikoff’s “Jimmy Stewart is Dead”
Jimmy Stewart plays George Bailey who is cast as the “honest” and trustworthy banker in the classic Hollywood film, “It’s a Wonderful Life.” Kotlikoff’s…
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