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