Category Archives: Tax & Spending

America Is Still Hurtling Towards the Fiscal Cliff

It’s time to bring meaningful reforms to America’s unaffordable and outdated entitlement programs. It is telling that, according to a recent survey by Macro Risk Advisors, the biggest threat facing U.S. investors isn’t a meltdown in the eurozone, or a … Continue reading

Posted in Articles, Tax & Spending | 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

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

Can the budget breathe life into the economy?

It is worth remembering that no chancellor, however enlightened, can really be said to breathe life into the economy. Believing otherwise gives rise to all kinds of hubristic policies, which do little more than redistribute wealth from one area of … Continue reading

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

Weekend notes

Detlev Schlichter is on typically forceful (and, yes, depressing) form over at Paper Money Collapse. We should accept that deleveraging is ultimately unavoidable. If it comes with a period of deflation – so be it. But we will get neither. … Continue reading

Posted in Economics, Liberty & Justice, Politics & Government, Tax & Spending | Leave a comment

We’re just kicking the Greek can down the road

Like most of the EU’s big announcements these days, the recent bailout of Greece didn’t really change anything. Greece will still default, and the eurozone is still in crisis. But the can has been kicked down the road. The simple … Continue reading

Posted in Articles, Economics, Tax & Spending | Leave a comment

Debt reduction and economic growth

Here’s a letter I wrote to the Evening Standard last week. I’m not sure whether they published it or not. Too many people believe we have a choice between debt reduction and economic growth – that we can have one, … Continue reading

Posted in Economics, Money & Banking, Tax & Spending | Leave a comment