A studiously thoughtful article from Jeremy Warner in the Telegraph about the ideological battle between followers of Keynes, Hayek, and Friedman, all of whom have been proved wrong in one way or another. When will the debate move on from dead men’s flawed theories to something pragmatic that might actually solve our problems?

Abolish Savings? Are These Economists Bonkers?

Over the last couple of years I have come to the conclusion that economics, as it is taught and practised by most academics, is a load of nonsense. This article by Canadian professor Nick Rowe, in which he argues that “saving” should be abolished, is a classic example of taking an interesting idea and strangling…

Is George Responsible For Growth? Not Likely.

 Reports that UK GDP rose by 0.6% in the last quarter means that news outlets are full of articles heralding the end of recession and the start of recovery for the UK economy. Unsurprisingly members of the government have been milking this good news and taking as much credit as they can for having steered…