Day: 12 November 2010

The Price of Big Government Many U.K. readers will have seen the excellent Channel 4 documentary by Mark Durkin last evening which brought home the scale of the public debt here. I have already explored these figures many times, so I will not repeat them.  The programme examined in depth the fact that big government (as […]

Quantitative Easing America came in for a good deal of criticism in Seoul for its latest batch of QE from the Fed. Quite right too. To expand the money supply whilst spending at cosmic levels on borrowed money risks a very bid bang indeed. Even if there is no explosion economically, it further damages the economic […]

G. 20 and the Balance of Power It is clear from the reports of goings on at the G.20 that the balance of economic power has shifted away from the United States. The condition of its own economy, the fact that it was at the heart of the global financial crisis and the fact that the […]