markedlymacro

Is the current proliferation of tax credits - or their better spoken sibling,  tax thresholds – inimical to the welfare potential of the e...

The Inconvenient Truth about Tax Credits Everyone loves tax credits. At least, left of centre parties do. In 1993 Bill Clinton great...

Hayek and Friedman’s Conflicting Diagnoses of the Great Depression In the beginning was the Great Depression.  It was from that my...

The Eternal Sunshine of the Wattless Mind? In a forbearing profile of the British Chancellor of the Exchequer, the Sunday Telegraph (1...

In the Long Run ‘We’ are all … Irrelevant Perhaps Keynes’ most quotable and frustrating remark is, ‘In the long run we are all dead’. ...

The 'More is Less' Fantasy of Today's Public Finance Richard Howard, the global strategist of the hedge fund Hayman Capital,...

The 'In Fifth Year of Recession' Myth The media are full of the claim that Greece is now in its fifth year of recession. Started by...