Ryan Bourne occupies the R Evan Scharf Chair in the Public Understanding of Economics at the Cato Institute.
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None the less, while lockdown alleviates the worst, it doesn’t deliver the best. The Government should probe less costly ways to achieve the same ends.
The theoretical aim of policy then should be bridging over what is hopefully a short pause in activity – eliminating near-term distress for households and businesses.
A home-focused industrial policy hardly saved China from this epidemic. And openness and markets ensure diversity of supply – particularly in medicine and food.
My answer would be “maybe, provided the spending or tax cuts significantly improved our growth potential.”
Ministers have been asked to push the Government’s priorities – tackling crime, funding the NHS, “levelling up”. How can these be effected without faster growth?
A new study by a former senior adviser to two Tory Chancellors gets itself back to front. Inequality is not so much a cause of processes as a consequence.
“Bad management” or “the wrong skills” or “incompetent people” are held up as the root cause of bad government.My central gripe is that I doubt this is true.
We economic liberals should be cautiously thankful for the stay of execution that his leadership and manifesto have given us.
Who will their taxes really hit? How much will they truly raise? And can this really be described as a ‘moderate’ agenda?
It stretches credulity to just assume that rent-seeking or uncompetitive markets account for all British top wealth.
It really is remarkable. Every self-reported measure of wellbeing has improved near continuously in the past eight years.
At stake here is whether Britain ultimately repatriates meaningful economy policy, or remains only ever one small step away from EU re-entry.
The only sustainable route to reducing carbon emissions will come precisely from the sorts of innovation that drive the “fairytales” that she bemoans.
Bowman and Westlake’s policy ideas are perfectly compatible with this end, but pitching them as a city and town agenda risks creating a false impression.
Former Government advisers see an opportunity to steer the party towards a “bigger government” vision for the party they’ve always spoiled for.