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
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UK 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 readingMarketing Live Chess Broadcast Rights
Background: Agog at Agon’s Candidates Broadcast Monopoly The moves of chess games have always been in the public domain. Anyone
Continue readingWe Need Rules, not Rulers: Culture, Bankers and the Mervyn King Question
The aim of any self-respecting blogger is to make original points. I’m no exception, so it is time to start
Continue readingScraping Greece off the Floor
Wolfgang Munchau writes very pessimistically today at the FT that “Greece will default, but not this year”. The core of
Continue readingHansen vs. Krugman: Second (Third and Fourth Order Effect)s Out!
Yesterday’s NYT includes a right royal spat. Well, online it does, at least. In a piece titled Cap and Fade,
Continue readingWhy Expedient Offers of Energy Efficiency Improvements must be Rejected at Copenhagen
Earlier this year New Scientist foolishly tried to grab readers’ attention with a cover proclaiming that “Darwin was wrong”. He
Continue readingThe Nature of Money and the Consequent Likely Ineffectiveness of Carbon Taxes: Revisiting the Man in the Wardrobe Fallacy
I’m very disappointed to see policy-makers trying to solve the problem of global warming by ineffective – and possibly even
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