Tag Archives: Economic Policy

Margaret Thatcher once said that “there can be no liberty unless there is economic liberty.” She was right. For far too long before Margaret Thatcher took office there was very little economic liberty in the United Kingdom. We had relied on the same school of Keynesian Economic thought for much …

There is currently some talk of global economic collapse being imminent. (See for instance Complex Systems Collide, Markets Crash).   The basic thesis is that interactions between the world and the economy can cause the economy to switch into a different mode of operating. Things are looking bad at the moment. The …

On an online exchange, a lefty illustrated the distinctions between those three concepts as such:State capitalism – private ownership with significant govt intervention.Socialism – democratic ownership of production.Communism – stateless, moneyless, classless society. Boiling it down to fundamentals, here are the distinctions according to their definitions:State capitalism – state? yes; private ownership? yesSocialism – state? …

Statistics can often come across as dull, but when it comes to discussing the British job market in recent years, it is unavoidable not to use them. 3.8 million jobs created since 2010. Unemployment fallen from 8% to 4% (lowest since 1975). A record 32.5 million people in work. 750,000 …

Government indecision and cowardice over the expansion of Heathrow Airport is just one tangible, high profile manifestation of the British political disease There is no better analogy for the broken, dysfunctional nature of British politics and strategic government planning than the ongoing saga over whether and how to expand London’s …

Cut corporate tax to 12.5% Slash income tax to 15% and 28% Fully transferable personal allowance £250bn investment over 10 years on infrastructure  Bank of England should adopt NGDP targeting The economy is in pretty good shape, ever since coming into office in 2010 the Tories have increased employment to …

Pot, meet kettle You’ve probably already seen them countless times over the course of this general election campaign – the smug, sanctimonious internet memes bandied about by Labour supporters and other left-wing activists excoriating the Conservatives for having presided over a massive increase in the national debt since taking office in …

Owen Jones continues to use his Guardian column to peddle lies and misrepresentations about conservative economic policy, in a Herculean effort to save British leftists from having to come to terms with their failed economic policy dogma. In praise of John McDonnell’s unabashedly left-wing conference speech, Jones whines: It was a …