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	<title>Steve Baker MP &#187; economics</title>
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	<link>http://www.stevebaker.info</link>
	<description>One life. Live it.</description>
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		<title>Detlev Schlichter: There will be no end to ‘quantitative easing’</title>
		<link>http://www.stevebaker.info/2012/02/detlev-schlichter-there-will-be-no-end-to-%e2%80%98quantitative-easing%e2%80%99/</link>
		<comments>http://www.stevebaker.info/2012/02/detlev-schlichter-there-will-be-no-end-to-%e2%80%98quantitative-easing%e2%80%99/#comments</comments>
		<pubDate>Thu, 09 Feb 2012 10:30:22 +0000</pubDate>
		<dc:creator>Steve Baker</dc:creator>
				<category><![CDATA[Politics]]></category>
		<category><![CDATA[Detlev Schlichter]]></category>
		<category><![CDATA[economics]]></category>
		<category><![CDATA[Money]]></category>

		<guid isPermaLink="false">http://www.stevebaker.info/?p=10790</guid>
		<description><![CDATA[Official inflation is over 4 percent in the UK, so how printing more money is going to help meet a 2 percent inflation target is a bit difficult to grasp, but let us not quibble over such details. What counts is that the Bank of England is the undisputed champ of QE. After the next ]]></description>
		<wfw:commentRss>http://www.stevebaker.info/2012/02/detlev-schlichter-there-will-be-no-end-to-%e2%80%98quantitative-easing%e2%80%99/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Three flaws in the Financial Services Bill</title>
		<link>http://www.stevebaker.info/2012/02/three-flaws-in-the-financial-services-bill/</link>
		<comments>http://www.stevebaker.info/2012/02/three-flaws-in-the-financial-services-bill/#comments</comments>
		<pubDate>Wed, 08 Feb 2012 14:35:20 +0000</pubDate>
		<dc:creator>Steve Baker</dc:creator>
				<category><![CDATA[Politics]]></category>
		<category><![CDATA[Accounting]]></category>
		<category><![CDATA[Banking]]></category>
		<category><![CDATA[Central Banking]]></category>
		<category><![CDATA[Credit]]></category>
		<category><![CDATA[economics]]></category>
		<category><![CDATA[IFRS]]></category>
		<category><![CDATA[Money]]></category>
		<category><![CDATA[Moral Hazard]]></category>
		<category><![CDATA[Parliament]]></category>
		<category><![CDATA[Video]]></category>

		<guid isPermaLink="false">http://www.stevebaker.info/?p=10775</guid>
		<description><![CDATA[Under the heading, Osborne looks to limit damage of ‘credit busts’, the FT gives a neat summary of the Chancellor&#8217;s plans. In particular: He said the FPC would also look out for dangerous linkages in the financial system and identify exotic new instruments that might undermine stability. It would be charged with containing credit booms ]]></description>
		<wfw:commentRss>http://www.stevebaker.info/2012/02/three-flaws-in-the-financial-services-bill/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Via LearnLiberty &#8211; Social Cooperation: Why thieves hate free markets</title>
		<link>http://www.stevebaker.info/2012/02/social-cooperation/</link>
		<comments>http://www.stevebaker.info/2012/02/social-cooperation/#comments</comments>
		<pubDate>Sat, 04 Feb 2012 11:06:12 +0000</pubDate>
		<dc:creator>Steve Baker</dc:creator>
				<category><![CDATA[Politics]]></category>
		<category><![CDATA[Austrian School]]></category>
		<category><![CDATA[Books]]></category>
		<category><![CDATA[economics]]></category>
		<category><![CDATA[Entrepreneurship]]></category>
		<category><![CDATA[Human Action]]></category>
		<category><![CDATA[LearnLiberty.org]]></category>
		<category><![CDATA[Markets]]></category>
		<category><![CDATA[Society]]></category>

		<guid isPermaLink="false">http://www.stevebaker.info/?p=10739</guid>
		<description><![CDATA[Via LearnLiberty.org: And also: Society is concerted action, cooperation. Society is the outcome of conscious and purposeful behaviour. &#8230; Individual man is born into a socially organized environment. In this sense alone we may accept the saying that society is&#8211;logically or historically&#8211;antecedent to the individual. In every other sense this dictum is either empty or ]]></description>
		<wfw:commentRss>http://www.stevebaker.info/2012/02/social-cooperation/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The inflation or deflation song</title>
		<link>http://www.stevebaker.info/2012/02/the-inflation-or-deflation-song/</link>
		<comments>http://www.stevebaker.info/2012/02/the-inflation-or-deflation-song/#comments</comments>
		<pubDate>Thu, 02 Feb 2012 09:40:01 +0000</pubDate>
		<dc:creator>Steve Baker</dc:creator>
				<category><![CDATA[Fun]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[Central Banking]]></category>
		<category><![CDATA[Deflation]]></category>
		<category><![CDATA[economics]]></category>
		<category><![CDATA[Inflation]]></category>
		<category><![CDATA[Money]]></category>
		<category><![CDATA[Video]]></category>

		<guid isPermaLink="false">http://www.stevebaker.info/?p=10714</guid>
		<description><![CDATA[Via &#8220;Merle Hazard&#8221;: I&#8217;m reminded of economist James Buchanan&#8217;s words: The market will not work effectively with monetary anarchy. Politicization is not an effective alternative. We must commence meaningful dialogue with acceptance of these elementary verities. Far too much has been said and written in elaboration of the first statement, which too often is taken ]]></description>
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		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Economics in One Lesson: V – Taxes Discourage Production</title>
		<link>http://www.stevebaker.info/2012/02/v-taxes-discourage-production/</link>
		<comments>http://www.stevebaker.info/2012/02/v-taxes-discourage-production/#comments</comments>
		<pubDate>Wed, 01 Feb 2012 08:26:06 +0000</pubDate>
		<dc:creator>Steve Baker</dc:creator>
				<category><![CDATA[Politics]]></category>
		<category><![CDATA[Books]]></category>
		<category><![CDATA[economics]]></category>
		<category><![CDATA[Economics in One Lesson]]></category>
		<category><![CDATA[Hazlitt]]></category>

		<guid isPermaLink="false">http://www.stevebaker.info/?p=10699</guid>
		<description><![CDATA[Every week over 26 weeks, I&#8217;ll be publishing a précis of a chapter of Henry Hazlitt&#8217;s brilliant 1946 book, Economics in One Lesson, prepared by Michael Dowsett during his internship. The index page is here. This week, Taxes Discourage Production, which discusses how taxes and government spending inhibit progress, hamper the development of real wages ]]></description>
		<wfw:commentRss>http://www.stevebaker.info/2012/02/v-taxes-discourage-production/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Survival of the unfittest: why the worst infrastructure gets built—and what we can do about it</title>
		<link>http://www.stevebaker.info/2012/01/survival-of-the-unfittest-why-the-worst-infrastructure-gets-built%e2%80%94and-what-we-can-do-about-it/</link>
		<comments>http://www.stevebaker.info/2012/01/survival-of-the-unfittest-why-the-worst-infrastructure-gets-built%e2%80%94and-what-we-can-do-about-it/#comments</comments>
		<pubDate>Fri, 27 Jan 2012 13:05:24 +0000</pubDate>
		<dc:creator>Steve Baker</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[economics]]></category>
		<category><![CDATA[HS2]]></category>
		<category><![CDATA[Infrastructure]]></category>
		<category><![CDATA[Liberty]]></category>
		<category><![CDATA[Planning]]></category>
		<category><![CDATA[Rail]]></category>
		<category><![CDATA[Transport]]></category>

		<guid isPermaLink="false">http://www.stevebaker.info/?p=10681</guid>
		<description><![CDATA[Via Survival of the unfittest: why the worst infrastructure gets built—and what we can do about it: [...] Taken together, the UK and US studies both account well for existing data on cost underestimation and benefit overestimation. Both studies falsify the notion that in situations with high political and organizational pressure the underestimation of costs ]]></description>
		<wfw:commentRss>http://www.stevebaker.info/2012/01/survival-of-the-unfittest-why-the-worst-infrastructure-gets-built%e2%80%94and-what-we-can-do-about-it/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Speech to Positive Money on money and banking</title>
		<link>http://www.stevebaker.info/2012/01/speech-to-positive-money-on-money-and-banking/</link>
		<comments>http://www.stevebaker.info/2012/01/speech-to-positive-money-on-money-and-banking/#comments</comments>
		<pubDate>Thu, 26 Jan 2012 09:16:14 +0000</pubDate>
		<dc:creator>Steve Baker</dc:creator>
				<category><![CDATA[Politics]]></category>
		<category><![CDATA[Banking]]></category>
		<category><![CDATA[economics]]></category>
		<category><![CDATA[Money]]></category>
		<category><![CDATA[Positive Money]]></category>

		<guid isPermaLink="false">http://www.stevebaker.info/?p=10676</guid>
		<description><![CDATA[A speech on money and banking given to Positive Money&#8217;s conference last October (sorry about the cold!): See also my writing on economics here and for The Cobden Centre]]></description>
		<wfw:commentRss>http://www.stevebaker.info/2012/01/speech-to-positive-money-on-money-and-banking/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Economics in One Lesson: IV &#8211; Public Works Means Taxes</title>
		<link>http://www.stevebaker.info/2012/01/economics-in-one-lesson-iv-public-works-means-taxes/</link>
		<comments>http://www.stevebaker.info/2012/01/economics-in-one-lesson-iv-public-works-means-taxes/#comments</comments>
		<pubDate>Wed, 25 Jan 2012 12:00:32 +0000</pubDate>
		<dc:creator>Steve Baker</dc:creator>
				<category><![CDATA[Politics]]></category>
		<category><![CDATA[Books]]></category>
		<category><![CDATA[economics]]></category>
		<category><![CDATA[Economics in One Lesson]]></category>
		<category><![CDATA[Hazlitt]]></category>

		<guid isPermaLink="false">http://www.stevebaker.info/?p=10668</guid>
		<description><![CDATA[Every week over 26 weeks, I&#8217;ll be publishing a précis of a chapter of Henry Hazlitt&#8217;s brilliant 1946 book, Economics in One Lesson, prepared by Michael Dowsett during his internship. The index page is here. This week, Public Works Means Taxes, which explains that people forget the unseen cost of political infrastructure projects&#8230; Buy or ]]></description>
		<wfw:commentRss>http://www.stevebaker.info/2012/01/economics-in-one-lesson-iv-public-works-means-taxes/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Via Detlev Schlichter: Deceits and delusions – Some thoughts on the euro-crisis and democracy</title>
		<link>http://www.stevebaker.info/2012/01/deceits-and-delusions/</link>
		<comments>http://www.stevebaker.info/2012/01/deceits-and-delusions/#comments</comments>
		<pubDate>Mon, 23 Jan 2012 09:30:06 +0000</pubDate>
		<dc:creator>Steve Baker</dc:creator>
				<category><![CDATA[Politics]]></category>
		<category><![CDATA[Detlev Schlichter]]></category>
		<category><![CDATA[economics]]></category>
		<category><![CDATA[Financial Crisis]]></category>
		<category><![CDATA[Government]]></category>
		<category><![CDATA[Liberty]]></category>
		<category><![CDATA[Prosperity]]></category>
		<category><![CDATA[Statism]]></category>
		<category><![CDATA[Tax]]></category>

		<guid isPermaLink="false">http://www.stevebaker.info/?p=10621</guid>
		<description><![CDATA[Anybody with any knowledge of economics should feel uneasy at the sight of a country where half of recorded economic activity is conducted by the state. Are such semi-socialist societies operable, and if so, for how long? Read the article via Deceits and delusions – Some thoughts on the euro-crisis and democracy. Here&#8217;s the growth ]]></description>
		<wfw:commentRss>http://www.stevebaker.info/2012/01/deceits-and-delusions/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>How Liberals Distort Austrian Economics &#8211; Reason Magazine</title>
		<link>http://www.stevebaker.info/2012/01/how-liberals-distort-austrian-economics-reason-magazine/</link>
		<comments>http://www.stevebaker.info/2012/01/how-liberals-distort-austrian-economics-reason-magazine/#comments</comments>
		<pubDate>Wed, 18 Jan 2012 09:01:30 +0000</pubDate>
		<dc:creator>Steve Baker</dc:creator>
				<category><![CDATA[Politics]]></category>
		<category><![CDATA[Austrian School]]></category>
		<category><![CDATA[economics]]></category>
		<category><![CDATA[Reason]]></category>

		<guid isPermaLink="false">http://www.stevebaker.info/?p=10595</guid>
		<description><![CDATA[Via How Liberals Distort Austrian Economics &#8211; Reason Magazine: The earliest Austrian economists did not make their mark by advocating free markets and other classical-liberal ideas. They did so by proffering a revolutionary positive (not normative) theoretical approach to understanding how markets work, focusing on value, price, and capital, theory. &#8230; Yglesias thus conflates Austrian economic ]]></description>
		<wfw:commentRss>http://www.stevebaker.info/2012/01/how-liberals-distort-austrian-economics-reason-magazine/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
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