It’s time to go back to basics and go about fixing our deficit before more tax cuts
As inflation pushes prices further and further up, food has been getting more expensive for some time. But, as the cliche goes, there was never such a thing as a free lunch. This idea, well known among economists, means prosperity depends upon making the effort to raise productivity. These are concepts which Western electorates are […]
Everything is crystal clear with hindsight
Are government bonds risky? This question arose a year ago, during a meeting with my bank. I wanted a low risk portfolio, but they noted that I did not want to hold UK government bonds. Whether it was the regulator who was insisting, or whether it was the way the bank was interpreting some Delphic […]
cutting the deficit
The new Government’s plans to reduce the deficit much more sharply than most people expected. Will this stimulate or depress the economy? Not surprisingly there is a fierce debate about this. But it is a situation in which econometric evidence is not going to be of much use at all in arbitrating the dispute. So […]
