Inflation – How NOT to eradicate the deficit.
Nobel Laureate Paul Krugman makes a sensible comparison of the debt crisis in Britain with Greece in the New York Times. His major error to say that an advantage for Britain of retaining its own...
View ArticleNICE Supports Big Business Profits at Expense of Consumers
The impact health watchdog NICE, consisting of non-economists, should be aware of a couple of points of economics when they propose a minimum price for alcohol. (Times and BBC) First, alcohol is...
View ArticleLimits of an Economists Policy Tool Kit
Tim Worstall on the ASI Blog looks at the robust economic tools that are available to control externalities. Here I enlarge on a blog comment looking the limits of these tools in combating climate...
View ArticleKeynes, Hayek and Global Warming
Jo Nova points to the excellent Keynes versus Hayek rap videos and compares with global warming views. My own observations are more to do with the nature of theory. To compare Keynes & Hayek, I...
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