Category Archives: Economics

The Problems with NGDP Targeting

Central banks lack both the power and the knowledge needed to deliver stable growth. Canadian central bank chief Mark Carney, who will become governor of the Bank of England in June, caused a stir on both sides of the Atlantic when … Continue reading

Posted in Articles, Economics, Money & Banking | Leave a comment

Brain Hubs and the Case for Labor Mobility

Over at The American, Nick Schultz has posted an interview with Enrico Moretti, an economics professor at UC Berkeley and the author of “The New Geography of Jobs“. Moretti’s thesis is that new jobs and opportunities are increasingly clustered around ‘brain … Continue reading

Posted in Economics, Welfare & Pensions | Leave a comment

The Time-Bomb Keeps Ticking

The Wall Street Journal recently carried an essay by David Wessel, author of the forthcoming book, “Red Ink: Inside the High-Stakes Politics of the Federal Budget”. It provides an excellent breakdown of the budget crisis looming over the federal government. Perhaps … Continue reading

Posted in Economics, Healthcare, Tax & Spending, Welfare & Pensions | Leave a comment

The return of the recession

So it’s official: Britain has double-dipped. Is anyone really surprised? Of course, today’s number are relatively insignificant in statistical terms, and there is every chance that the Office of National Statistics will revise them a few months down the line. … Continue reading

Posted in Economics, Money & Banking | Leave a comment

The case for gold

City AM asked me to make the case for gold in 140-words, for yesterday’s comment pages. Here’s what I came up with: Gold isn’t a traditional investment good: it is an alternative to paper money. From that perspective, its allure … Continue reading

Posted in Articles, Economics, Money & Banking | Leave a comment

The need for multi-speed

There’s an interesting piece of research out this morning from BDO, an accountancy and business services consultancy. Its quarterly Industry Watch, which makes projections about rates of company failure, suggests that Britain’s “two-speed recovery is starker than ever”. There are … Continue reading

Posted in Economics | Leave a comment

A free market take on the 2012 budget

Generally positive on tax… Cutting the 50p tax rate to 45 percent is a step in the right direction, but the Chancellor should have scrapped this altogether. The danger is that the 45p will become a permanent rate. The government … Continue reading

Posted in Economics, Regulation & Industry, Tax & Spending | Leave a comment