Monthly Archives: November 2011

George Osborne, Ed Balls and the confidence fairy

Paul Krugman, the economics Nobel laureate and New York Times columnist, likes to talk of the “confidence fairy”.  It is a critique of right-wing “supply side” economists, who advocate cutting back on taxes and public expenditure and reducing government regulation. … Continue reading

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The Euro end game

It’s been a tough year for Europhiles, especially those, like me, who have always supported the single currency and thought Britain should have been part of it.  Most of them have been very quiet, and no wonder.  Whatever one says … Continue reading

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The equality problem

A nasty problem stalks those who think about public policy, especially here in Britain, and in the US.  It goes under the general name of “inequality” and is mainly about the growing disparity between the very rich and everybody else. … Continue reading

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Does the Euro need a Big Bazooka?

It is a commonplace amongst Anglo-Saxon policy makers that the Eurozone leaders need to use a “big bazooka” to solve the currency crisis that is engulfing the continent.  David Cameron has been particularly conspicuous in using this expression.  Is it … Continue reading

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Markets aren’t people – BBC’s Peston is taking anthropomorphism too far

Yesterday there were some rather worrying developments in the market for Euro area bonds, affecting even French and Dutch government stock.  This caught the journalists on BBC Radio 4 off guard, including the famed Robert Peston.  They quickly fell into … Continue reading

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Occupy: a difficult bandwagon to ride

There was a strained moment at last night’s dinner at the National Liberal Club for the London Liberal Democrats, when the party was challenged by a member over the Occupy protests at the City of London.  Both the guest speaker, … Continue reading

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The Norwegian Exception

Last weekend my wife and I went to Oslo, to visit my brother and his partner (who is a local).  It wasn’t my first visit to Norway, but the first time was on a tour.  Norway comes up periodically in … Continue reading

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