Tag Archive for Economics

Why Bad Economics Won’t Go Away

The Young Briton’s Foundation has invited Yaron Brook to Parliament to answer a fascinating question: Why is it that people don’t seem to learn from experience? It is clear that our existing Keynesian economic policies have failed miserably. We can compare controlled economies with those less controlled, and compare more regulated sectors of our own…

2020 Tax Commission Report

The 2020 Tax Commission has published it’s report. The Tax Payer’s Alliance, who contributed to the report said: The Commission is calling for radical but realistic reform of our tax system which we believe is vital to kick start growth in the face of economic stagnation. The plans are ambitious but could be implemented by…

Green QE — Is This the Worst Idea Ever?

I thought the Austerity Curve was mental. But the Green Party’s Green QE idea is beyond mental — it’s batsh*t crazy… They genuinely seem to believe you can create money out of thin air… Green MP Caroline Lucas (Brighton Pavilion), who has welcomed the report, said: “It is understandably difficult for people to get their…

The Austerity Curve…

Even for the Left this is moronic… Might it then be the case that something like a Laffer Curve exists for austerity? That is to say that cutting government spending up to a certain point leads to lower deficits but beyond a certain point, the impact of lower growth and higher unemployment means that deficits…

Guido on ownership

Guido had a good post the other day commenting on how one of the main causes of the recent crisis was the change of ownership structure of the banks. For the majority of their history investment banks were partnerships with unlimited liability, compared to now when they are public listed, limited liability companies. As he puts it, flotation: transferred all…

Discussion Point: Hong Kong is not a productive place

At the Occupy London Stock Exchange protest we got a brief opportunity to rehearse libertarian arguments on economics with people who activly disagreed with us. We made some progress in a few cases, and in others we met entrenched resistence, of most interest though are the arguments that didn’t work because we were out-debated at…

Is this where we’re heading?

I bought this on ebay last week: Yes you read that right, a 50 Trillion Zimbabwe dollar bill, issued in 2008. How much was this worth you ask? It cost me £1.70 (plus postage).  Even Mugabe and co have finally realised that this is ridiculous, and abandoned the currency in 2009- since when US, SA…