Politics
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Message to Greece: you can leave the Euro and establish your own money
There are are least 87 examples of countries leaving currency unions and establishing their own money since 1945. In most cases establishing an independent currency allowed the country concerned to set more sensible interest rates and exchange rate to help...
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The nonsense Ed Miliband and the left tell us
Ed Miliband and his friends on the political left constantly tell us that the UKeconomy is not growing quickly, owing to the cuts. The truth is that public spending is up in real terms according to the Government’s own...
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David Cameron’s favourite Bible verses
The Prime Minister, David Cameron, has written his chosen two verses from the book of Philippians for The People’s Bible project. The Prime Minster chose his verses from Philippians 4: 8-9 ‘Finally, brethren, whatsoever things are true, whatsoever things are honest,...
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6 things the leaders of the single currency should apologise for
The single currency is now doing visible damage, not just to some Euro area countries, but also to the wider global economy. The leaders of the single currency should say sorry for: 1 setting up a single currency long before they had brought their...
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What does it mean to be on the right politically?
As UK Tory MP John Redwood points out today, the liberal media tends to call anyone “right” as a term of abuse for people they disagree with. The “right” within the Conservative party is a term used to describe a...
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Why taxation hinders the growth of capital and reduces consumption
In Chapter 8 of his book On the Principles of Political Economy and Taxation (1817) p. 152 David Ricardo reflected on the impact of taxation and concluded: There are no taxes which have not a tendency...
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Memories of a visit to the House of Terror, Budapest
Friday 7 October 2011 Perhaps the most vivid and moving memory of our visit to Budapest last week was that to the House of Terror just down the road from our hotel in Andrassy Street. It contains exhibits related to...
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From the hedgerows of Devon to the Foreign Office
The earliest known photograph of Ernest Bevin shows him as a little boy of three wearing a wide-brimmed straw hat and sailor suit at a Sunday-school treat in 1884. He was born in Winsford, Somerset, on 7 March 1881. His...
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