The European Central Bank has announced a programme of bond-buying of €60 billion a month, to be carried out at least until end-Sept 2016. Monetary policy around the world remains in the midst of a remarkable experiment: money creation is expected sustainably to solve real economic problems. It is possible that there is something dangerously wrong with mainstream economic thought. Hayek’s conclusion to The Pure Theory of Capital is a spectacular rant against those economists who consider only the short-run, surface […]
Tag Archives: Ideas
A lady in Wycombe recently asked me the following questions: Why is my house valued higher than its worth? Why do crashes keep happening every 8 years? Who owns the money supply and how does it relate to gold? Why haven’t I had cost of living pay rise for 7 years yet the CEO has just bought a pacific island? Why do quarterly targets keep going up at work and what is the end game of this model? Why has […]
On Monday, Owen Paterson made a remarkable speech, An Optimistic Vision of a Post-EU United Kingdom: I would like to see our Government brought back within the control of our own Parliament. Ministers should be properly accountable to Parliament for all aspects of Government. This would give the British people the ability to remove their real rulers by voting. Our politics would be reinvigorated. I find it extraordinary that many in our establishment mock this prospect. As a nation we […]
The Legatum Institute’s Prosperity Index 2014 was launched yesterday: the UK rises three places this year and we are the most prosperous of all the major EU nations. Even the quickest glance at our rankings and the map which puts them in stark context must make anyone glad indeed to be British. Ours is a very fine country indeed. From the website: The 2014 Legatum Prosperity Index™ offers a unique insight into how prosperity is forming and changing across the world. […]
Via Share The Facts, In just four years we’ve already doubled the number of apprenticeships, delivering more than 1.8 million. In the next Parliament we will go even further by creating 3 million more and ending youth unemployment – so all young people get a good start in life.
[BMS World Mission asked me to write a defence of capitalism from a Christian perspective for their magazine Mission Catalyst. It appears in Issue 4 2014, alongside a defence of socialism. The article is online here and reproduced below. The entire issue is available to read as published here. I may reply to the defence of socialism if time allows.] I want an end to poverty. I want a social system which operates justly in the general interest without boom and […]
As Chairman of the All Party Parliamentary Group on Motorcycling, Motorcycle Action Group recently asked me to experience an electric motorcycle. I was skeptical. Find out how I got on: A review will appear in their magazine shortly. As part of the future of motorcycling, especially in town, electric motorcycles are good news. Related: my article after taking evidence on electric vehicles while I was on the Transport Committee.