Perils of the New Keynesians

To the extent that government can stimulate growth, it’s through structural reforms that improve the investment climate: Cut red tape. Reduce workplace regulation. Fast-track tax cuts. Fix the state-based payroll taxes and stamp duties on property that stifle labour mobility. Make the 30 per cent company tax rate more internationally competitive. Break the construction union’s monopoly power. Restore monetary policy to its appropriate role of maintaining price stability.

Liberal Democrats’ Remain Bonus Is Economically Illiterate

The Lib Dems said in May 2016 “…a vote to Leave would represent an immediate and profound shock to our economy. That shock would push our economy into a recession and lead to an increase in unemployment of around 500,000”. Well, the economy did not go into recession, unemployment has fallen by over 300,000 since mid-2016 and employment has risen by over 800,000.

No One’s Lapdog: How Britain Can Recover its Palmerstonian Instinct for Independence

"We have no eternal allies, and we have no perpetual enemies. Our interests are eternal and perpetual, and those interests it is our duty to follow." Lord Palmerston, Remarks in the House of Commons, March 1, 1848 The debate over the United Kingdom's withdrawal from the European Union is paralleled by a debate over the future of the nation's foreign relations. While more hardline remainers tend to be in favour of a closer security arrangement with Europe as part of the European Union, there are parallel trends towards Atlanticism and promotion of the Anglosphere or cross-Commonwealth security arrangements among leavers.…

Paul Craig Roberts: A Successful Coup against Trump Will Murder American Democracy

As Biden was US Vice President at the time and is currently the leading Democratic candidate for the US presidential nomination, he is clearly guilty of what Trump is accused. Why is only Trump subject to investigation? If an offense that is merely suspected or alleged suffices for impeaching a president, why isn’t a known and admitted and bragged about offense reason to disqualify Biden from being president?

Bill Blain: Melt up or down?

There is massive danger is a reeling bond market.  If we see rising yields morph into a serious bond market meltdown, the melt-up in stocks could split and go rancid very quickly. Rising rates have massive negative implications for corporate credit and without the juice of further central bank easing – stock markets could well lose heart.

A Visual Timeline of AI Predictions in Sci-Fi

The resolution considered granting “personhood” to sophisticated, autonomous robots. However, over 150 AI experts strongly warned against this proposal, arguing it would “blur the relation between man and machine” in a way that is too unethical.

No Whites Please, We’re British

The firefighters had used stereotypical language in some of their statements after the fire, including, in one instance, referring to one of the residents as ‘foreign’. The tower block had, in fact, been home to ‘a diverse community of people from all over the world’.

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