June 2012 archive

Five Forecasts of The Golden Guinea (from the launch presentation in Edinburgh, June 28 2012)

The story goes of how Winston Churchill wanted to appoint a chief economic adviser during the war. “Are there by any chance any candidates who have lost a limb during the conflict?” he asked his senior civil servant. “What an excellent idea, Prime Minister,” responded the Sir Humphrey of the day. “To give special consideration …

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The Jimmy Carr Affair and the British Tax System

“The art of taxation,” observed John-Baptiste Colbert, Treasurer to King Louis XIV in France, “consists in so plucking the goose as to obtain the largest number of feathers with the least possible amount of hissing.” The recent bout of moral outrage regarding the tax affairs of Jimmy Carr and other celebrities has resulted in a great deal of hissing for very few feathers. …

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The Economic Consequences of Greek Exit from the Euro

With just over a week to go before the Greek General Election, it is reported that the left-wing Syriza Party may emerge with the most seats and be invited to form a government led by Alexis Tsipras.  His economic policy is based on two pillars: 1. Greece should remain within the Euro. 2. However, Greece should not continue the policies of austerity …

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