Improve non-consultant doctors’ pay by liberalising their private sector capabilities
Given the ongoing outrage about pay for NHS staff (especially for junior doctors, nurses etc.), one way in which to tackle this could be…
The NAIRU (Non-Accelerating Inflation Rate of Unemployment) with Multiple Monies
The Nonaccelerating Inflation Rate of Unemployment (NAIRU) is the lowest rate of unemployment at which the inflation rate will not increase because, if it…
The ‘Free Market Multiplier Effect’
One of the basic concepts taught in first-year university economics classes around the world is the intuitively powerful though regularly abused ‘multiplier effect’. The…
Ambivalence toward Monetary Freedom is ubiquitous – Why?
The vast majority of people would either be up in arms or completely confused if the government suddenly said that all private bread producers…
Improving Student Loan Choice would benefit Higher Education and all involved
A major set of stakeholders that are particularly nervous about Brexit include the British Higher Education establishment. On the one hand, universities are expecting…
Rules-based, automatically-adjusting trade policy for freer trade
A major contemporary worry is that threats of tariffs, preservation of subsidies and licensing and standards restrictions for imports and exports will derail any…
Land-use restrictions, agricultural subsidies and free trade
One of the greatest barriers to free trade is agricultural subsidies since they are politically venomous to remove due to the perception that their…
Arguments against the Minimum Wage
Arguing against the Minimum Wage has often been the preserve of the ‘right’ (presuming the simplistic and problematic left-right dichotomy that we impose as…
Toward Tax Freedom and Justice
Improving Tax Choice through a more democratically-just, rules-based fiscal policy. Summary Although considerable resources are expended upon attempting to influence Government spending, advocacy of…
Talking about ‘Sticky Prices’ and Monetary Policy
The phenomena of ‘Sticky Prices’ (known also as ‘nominal rigidity’, ‘wage-stickiness’ and ‘price-stickiness’) is important in Keynesian thought and macroeconomic thought more broadly. Prices…