Productivity and the Minimum Wage
Productivity is a function not only of the qualities of individual workers but also of how they are organised. Subsidising
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Not Our Job to Prevent Recession (1): Bank of England
The Bank of England’s inflation mandate virtually guarantees recessions as higher interest rates repeatedly puncture house-price booms. What are higher
Continue readingUK Energy Prices: Are We Dodging the Bullet?
The UK has been hit with an unexpected bill for energy of the order of £100bn. This is a one-off,
Continue readingOn Inflation
Because inflation is affected by delays in the economic system, it is cumulative and persistent. To minimise the depth of
Continue readingSolving the UK Energy Price Crisis
The UK energy price spike should be addressed directly and the rest of the economy isolated as much as possible
Continue readingRishi, Isn’t Inflation the Problem?
The Chancellor could have subsidised energy prices directly, which would not only have reduced inflation (depending how the ONS deals
Continue readingEaling Broadway Tesco Price Hikes
It’s being reported this morning that there is pressure on supermarket prices. But do they just put up the prices
Continue readingThe Brexit Logic Trap
“I think people will interpret membership of the single market as not respecting that referendum.” – John McDonnell You can’t
Continue readingAfter the Brexit Referendum (2) – Free Movement vs Work Permit Schemes
In my previous post, I argued that free movement is the best way to organise migration. During the referendum campaign
Continue readingAfter the Brexit Referendum (1) – Free Movement vs Immigration
In the days before the Brexit referendum I found myself unable to focus on anything other than the last frantic
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