The Great Deficit Robbery
Why regular and excessive government spending can contribute to low productivity, sluggish growth and asset price inflation. Continue reading The Great Deficit Robbery
NFTs: Art of the future?
The markets for cryptocurrencies are some of the most volatile and rapid growing markets in the world today. Bitcoin, the world’s best-known cryptocurrency has experienced peaks and troughs rarely seen before in economic history. Founded in August 2008 as a website, it was initially a place where people could trade digital tokens. Since then, the market for cryptocurrencies has grown exponentially, and now includes an … Continue reading NFTs: Art of the future?
Chart of the Month – July 2021
This Chart of the Month shows the price of the EU Emissions Trading Scheme (ETS). The EU ETS aims to reduce net greenhouse gas emissions within the EU. It is a market-based intervention. Greenhouse gases have made catastrophic weather events much more likely. This summer, we saw devastating floods across Europe, which killed over 300 people. In the US, wildfires torched almost 1.4 million hectares … Continue reading Chart of the Month – July 2021
Chart of the Month – June 2021
June’s Chart of the Month shows the daily value of takeaway sales in the USA over the last five years. The onset of COVID-19 last year cleared the chatter of diners from restaurants, replacing them instead with the frenetic hum of mopeds delivering meals. Sales of takeaway meals have ballooned, up 120% since the start of last year and – despite the gradual reopening – … Continue reading Chart of the Month – June 2021
News Briefing – 7/6/21
We’ve summarised the top stories of the last week into an easily digestible briefing, so that you can stay up to date on what’s happening around the world. You can subscribe to receive the briefing in your inbox each week. Business & Economics The G7 has struck an agreement to raise taxes on multinational corporations. This marks a significant development in negotiations that started in … Continue reading News Briefing – 7/6/21
News Briefing – 24/5/21
We’ve summarised the top stories of the last week into an easily digestible briefing, so that you can stay up to date on what’s happening around the world. You can subscribe to receive the briefing in your inbox each week. Business & Economics The UK has offered Australia a tariff-free trade deal, despite warnings that it could seriously damage British agriculture. The deal would remove … Continue reading News Briefing – 24/5/21
Forever blowing bubbles
Be fearful when others are greedy and greedy when others are fearful. – Warren Buffett Buffett uses this mantra every day, along with his two other ground rules for running his investment firm Berkshire Hathaway: So why does the 90-year-old legendary investor hold these core mantras? One possible answer can be found by considering the history of investment bubbles. One of the first recognised “bubbles” … Continue reading Forever blowing bubbles
A New Wealth Tax for the UK: Delicately Plucking the Golden Goose
The art of taxation consists in so plucking the goose as to obtain the largest possible amount of feathers with the smallest possible amount of hissing. – Jean-Baptiste Colbert, Finance Minister to Louis XIV Starting in early 2020, life as we knew it came to a stop, as governments around the world locked up their countries to fight the COVID-19 pandemic. The resulting economic impact … Continue reading A New Wealth Tax for the UK: Delicately Plucking the Golden Goose
Should a form of Carbon Pricing be introduced in the US?
Since 1896, when global warming was first publicly shown to be a consequence of burning fossil fuels, humanity has wrestled with the conundrum of how best to respond to this looming threat. Against the background of politicisation associated with climate change, economists have argued over the benefits and detriments of introducing a carbon tax: a way of taxing companies which emit greenhouse gases so as … Continue reading Should a form of Carbon Pricing be introduced in the US?
An interview with Professor Cass Sunstein: Nudges, economic systems, and freedom
Cees Armstrong and I had the pleasure of interviewing Professor Sunstein, the Robert Walmsley Professor at Harvard Law School. Professor Sunstein is the best-selling author of many books, including the critically acclaimed Nudge, as well as the most cited law scholar of all time. He now works with the US government. Continue reading An interview with Professor Cass Sunstein: Nudges, economic systems, and freedom
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