A calamity that shaped the past decade, the Great Recession marked an end to the Great Moderation, three decades of prosperity. The root causes behind the Financial Crisis and the subsequent Great Recession are complex. A speculative shadow banking sector was supported by reckless Central Banks, bailing out financial institutions and promoting the culture ofContinue reading “Great Recession: Monetary failure”
Tag Archives: inflation
Terrific Trickle-down Economics?
‘Tax cuts for the rich!’ A cry consistently echoed by those against reducing top tax rates. ‘Trickle-down economics,’ a phrase first uttered by President Franklin Roosevelt in the depths of the Great Recession, despite no economist in history supporting this line of reasoning. Unfortunately, the facts suggest otherwise. Reducing top tax rates from punitive levels,Continue reading “Terrific Trickle-down Economics?”
Stop-go Monetary Failure: 1970s’ Inflation
Inflation. Squeezing millions of households across the UK to the brink. Excessive stimulus by Central Banks globally, particularly the Federal Reserve and the Bank of England, have exacerbated supply side shocks. Economists likening the inflationary shocks of the 1970s are misguided. The Great Moderation, the three decades of economic stability and growth that succeeded theContinue reading “Stop-go Monetary Failure: 1970s’ Inflation”
Liz Truss: Supply Side Reform
A vicious leadership contest has culminated with Liz Truss’ accession to the premiership. Promising radical reforms to the British economy, Truss represents a stark contest with the establishment candidate, Rishi Sunak. With pledges to radically cut the state, addressing the struggling supply side of the British economy, Truss represents a breath of fresh air fromContinue reading “Liz Truss: Supply Side Reform”
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