Monthly Archives: November 2010

By the 1970’s the nationalisation of the 50’s and 60’s had made Britain the sick man of Europe. It was the free-market reforms of the Thatcher governments in the 80’s that created the sort of vibrant and dynamic economy that … Continue reading →

Growing consensus among Republicans that QE2 will simply mask not solve structural problems. Wisconsin Republican congressman Paul Ryan argues that the United States needs “low tax rates,” “sound and honest money,” “regulations that are fair, predictable, transparent, [and] reasonable,” and … Continue reading →

The American Geophysical Union has decided to set up an information point that will match journalists seeking information on global warming and climate change with scientists specialising in climate related fields. However climate experts that are sceptical about global warming, … Continue reading →

The extension of the tax cuts President Bush introduced during the mild recession in 2002-2003 is looking increasingly more likely as many moderate pro-business Democrats have come out in favour of an extension. Extending them for a further three years … Continue reading →

Money is simply the representation of goods and services in an economy and serves as an indicator of quantity and quality. Assuming that the money supply remains the same, an increase in the price of a good or service indicates … Continue reading →

General Kurt von Hammerstein’s classification of his soldiers can be applied to most organisations. ‘I divide my officers into four classes; the clever, the lazy, the industrious, and the stupid. Most often two of these qualities come together. The officers … Continue reading →

The French, nineteenth century political scientist, Alexis de Tocqueville wrote: “But one also finds in the human heart a depraved taste for equality, which impels the weak to want to bring the strong down to their level, and which reduces … Continue reading →

Palin calls upon the Fed to “cease and desist” quantitative easing. She’s increasingly looking like a sound choice for 2012 Republican nomination.

Job figures released yesterday show the US economy added 150,000 jobs in October. Private payrolls also increased by 159,000 in October, whereas government shed 8000 jobs. There was job creation at the high and low level of the market. Average … Continue reading →

One of the main reasons for further quantitative easing was the Fed’s concern at the low level of capital spending by US firms. Increasing the money supply to stimulate capital investment is a worthy goal. However it is also possible … Continue reading →