Is there a link between unemployment and economic growth?
byMost commentators are of the view that the key for US economic recovery is drastically lowering the number of unemployed Americans. Once more people…
Khan Academy: Fractional Reserve Banking
byAs someone who makes part of his living from explaining to other people how various aspects of the banking industry work, I am a…
Cable’s anger is misdirected
byVince Cable’s recent attack on capitalism has predictably and deservedly generated a lot of comment. His remarks might have gone unreported in previous years,…
David Miliband’s Rejection of State-Directed Socialism
byDriving back from work a couple of weeks ago, I caught a radio 4 interview with David Miliband. As I said here, he has…
Bank debt-holder guarantees and risk regulations
byLegislators in Western countries are in the process of rewriting financial sector regulations. Most commentators encourage the politicians in this mission. Yet few politicians…
Profit as an indicator of success
byA talk by Philip Booth to the Corporate Responsibility Group Exchange, September 2010 In recent years “profit” has become something of a dirty word…
Ending the Sugar-Rush from Candy-Floss Credit
byIn an article for Critical Reaction, Graham Stewart highlights some of the challenges the Regulation of Deposits and Lending Bill may face: there are…
Halligan: The real lesson we can learn from Japan’s dramatic currency sell-off
byLiam Halligan’s latest article for The Telegraph considers the role of political manoeuvres and industrial lobbying in Japanese economic policy: when the victorious Kan…
Economic Growth in a Deleveraging World
byCan economies grow amid deleveraging? How well do traditional economic measures, such as GDP, reflect the factors that matter to business performance—and is there…
Dangerous Etatism
byAnd so the beat goes on. Etatiste Nobel winner Stiglitz rails that ‘austerity’ (wherever THAT is being practised) is an economic ‘disaster’; étatiste Nobel…