Douglas Carswell For almost two years this blog has called for a policy of default and decouple in response to the crisis in the Eurozone. How ministers and experts scoffed at the suggestion. How Treasury officials rolled their eyes.  Instead, they pursued a policy of bailout-and-borrow.  First under Labour, and then under the Coalition, billions  [ Read More ]

Douglas Carswell So, where’s the growth? Interest rates are low, public spending is actually rising and the Bank of England is printing money. In other words, we’ve been doing all those things we keep being told would give us growth. Except the economy continues to more or less flat line. Perhaps it is time to  [ Read More ]

Tim Worstall Mr Truell, founder of the Pensions Corporation, a pensions buy-out firm, said research by the London School of Economics estimated the public sector pension liability at £1.3 trillion. If the Treasury issued gilts to plug the gap, the resulting fund could bankroll infrastructure projects that would generate returns used to meet the pension  [ Read More ]

Douglas Carswell The United States Congress has insisted that the American government does not increase the country’s overdraft by as much as President Obama had wanted. You might not have guessed it from the appalling BBC coverage over the past few days – which has portrayed Congressional efforts to limit the debt as grossly irresponsible  [ Read More ]