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Presentation on government policy and the economy, 28 Feb 2014


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I’m most grateful to Stupples Chandler Garvey for the opportunity yesterday to present some thoughts on the economy over the next 12 months to local business people. Here are the slides - The UK Economy – the next 12 months:

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The Four Horsemen, Russell Brand and the biggest problem with democracy


I found time this morning to watch the film Four Horsemen. It’s about what’s fundamentally wrong with the world and it features some major thinkers from Britain and the world. I feel fairly sure many of them did not know that the central point of the film is to explain why money should be separated from the state. As I set out in my maiden speech, Today, money is a product of the state. The Bank of England controls the […]

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What makes us prosperous? The 2013 Prosperity Index supplies a survey


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This morning, after spotting Allister Heath’s boldly optimistic article for the Telegraph, I chaired the Parliamentary launch of the 2013 Legatum Prosperity Index. It’s not enough to consider quality of life by material things alone: Gross Domestic Product neglects great swathes of factors which make life worth living. As the Legatum Institute explains: Traditionally, a nation’s prosperity has been based solely on macroeconomic indicators such as a country’s income, represented either by GDP or by average income per person (GDP […]

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Speech on the “Green Investment Bank”


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A speech in committee on the so-called Green Investment Bank, which appears to have had a greater impact than I had forseen: 4.45 pm Steve Baker (Wycombe) (Con): I fear that we are, once again, gathered together to make our constituents poorer and to promote special-interest rent seeking. I am rather surprised that we are gathered together in this Committee. My right hon. Friend the Prime Minister has pointed out that Opposition Members wish to use direct intervention in the […]

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Book review: Milton Friedman by Eamonn Butler


I usually romp through Eamonn Butler’s books and Milton Friedman: A concise guide to the ideas and influence of the free-market economist was no exception. The book sets out how Friedman became a public intellectual of worldwide influence, how to end financial crises and how to cure inflation. People, trade and currencies should be free, he argued. Government fails and markets work to promote diversity and help ordinary people. Friedman advocated a 100% reserve requirement on demand deposits, giving government […]

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