It’s Official – Public Sector Workers Make More Than Private Sector

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The Office for National Statistics has given us the low down on public sector wages - they're higher than those in the private sector....

From Before Keynes – Tax Cuts Grow The Economy Even If Not Quite The...

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An interesting paper looking at inter-war Britain, showing that tax cuts at the time did indeed grow the economy. No, this doesn't proves that...

To Explain Zimbabwe’s Inflation – The Hypervelocity Of Money

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Zimbabwe is finding out that getting rid of the idiot autocrat - Mugabe - doesn't mean that everything will now be economically peachy. That...

Freedom Fighters – Tim Worstall

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A Q&A with our esteemed editor at the Adam Smith Institute in London: Given this proven ability at live performance Mr. Worstall would like to...

Tackling Gangrene With Morphine

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We have spent a very long time now deforming our economies with irresponsible monetary and fiscal policies. We have borrowed a LOT of money. And we've...

Sequesteflation

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So it turns out that we don't have as much price inflation as we should. I mean, I know we have a LOT – my...

Ricardo Still Right 201 Years Later

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One of David Ricardo's foundational assertions was the law of one price. That tradeable goods will cost the same, when their transport costs are...

Karl Marx Was Right – US Wage Growth At Decade High Of 3.1%

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It's our old friend Karl Marx who called the thing about the workers' wages right. Full employment is indeed the workers' best friend and...

Nigeria’s Minimum Wage Is Too High At $80 A Month – Don’t Raise It

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There's a threat of strike action in Nigeria over the new possible level of the national minimum wage. The problem is that the demand...

Congratulations To Ethiopia – Getting Richer By Going Neoliberal

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Ethiopia didn't have a good economic time of it in the recent past. That leap from Haile Selassie's monarchical feudalism to Mengistu's Red Terror...