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fiscal strategy Articles

A budget departed from reality

The last budget of the coalition did not substantially change the economic policy debate ahead of the election. It did provide yet another example of how that debate departs from reality. The budget avoided addressing the key challenges for the British economy. It was...

The injustice of monetary policy

Bank of England governor Mervyn King recently declared in the 2012 BBC Today Programme lecture that ‘our banking and financial system overextended itself’. This included allowing financial institutions to leverage their balance sheets by over 50 times, and making use...

The injustice of monetary policy

May 15, 2012 | Section: Web exclusive

Bank of England governor Mervyn King recently declared in the 2012 BBC Today Programme lecture that ‘our banking and...

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