Nixon called time on the Bretton Woods system of fixed but adjustable exchange rates, under which countries could use capital controls in order to stimulate their economies without fear of a run on their currency. No, this is arse about tit. It was the system of fixed exchange rates which prevented stimulus. If you went

while bond yields in both Britain and the UK dropped sharply on expectations Yes, Britain and the UK are indeed different places but there’s only one bond market for the both of them. So what is it that Larry has found out that the rest of us don’t know? NI is to issue its own

I think this is rather cute really. Fourth, reform of the banking sector is needed to prevent finance “crowding out” the other sectors of the economy. For manufacturing to become relatively stronger, the City needs to become relatively weaker, but that won’t happen if the response to the financial crisis is pusillanimous. So, we’ve an

Nouriel Roubini, Larry Elliott, George Soros, and…..Tim Worstall! Tim Worstall, a fellow of the Adam Smith Institute, writing his column on Forbes says he has been predicting the euro’s demise since before its creation. He writes: “As I’ve been saying for years, the euro is bound to fall over, the euro will inevitably fail as

Larry Elliott describes the “triple crunch”. Climate change, expensive oil/energy and the imbalance in the UK’s economy. His solution? Choice three: bring human ingenuity to bear by investing heavily in new forms of low-carbon green growth while at the same time negotiating a binding global climate change deal. Tough, expensive, and open to the objection

Never the twain shall meet, eh? Comparisons with the 1930s can be overdone. Britain’s public finances were then in a much healthier state than they are today, while the country’s industrial base was much larger. What? while the country’s industrial base was much larger You serious? That’s from something called the Index of Production and

My my: However, it is probably good news that the pound fell on the GDP news. The recent rise in sterling, on the expectation of rate rises, has made life harder for exporters. And they are the only firms growing at the moment. Amusing that it’s Larry Elliott who spots it…….

Oh dearie me. My comment left there: Oh dear me, a total logical and economic fail here. Corporations do not pay tax: they might hand over the cheque but the economic burden must be carried by some group of people. As both Larry Elliott and Vince Cable have pointed out in the pages of this

When even Larry Elliott says this: For Britain, the crisis shows what life might have been like in the single currency. As in Ireland, interest rates would have been far too low, the housing bubble more colossal, the bust more horrific. UK membership of monetary union is a dead issue…. Could all the federasts

I have to admit, took me a little bit of time to work it out. So, there’s this, Ritchie and Colin Hines. So there has to be something wrong with it. Larry Elliott’s piece. Ten thousand homes fitted with solar panels for £100 million? That’s bloody cheap. £10,000 a house? If only it really was that cheap