Tag Archives: inflation

Three cheers for inflation?

By Mark Pack | Published 25th November 2011 - 10:45 am

Economist and economic historian Nicholas Crafts is back in the public eye with a new pamphlet for CentreForum. Those with long memories of his previous controversial stances won’t be surprised to know this pamphlet does not take a mainstream approach to economic history or economic policy, instead praising part of the 1930s and calling for more inflation.

The two are linked because he splits Britain’s economic record in the 1930s in two, arguing that in the second half of the 1930s higher prices helped fuel a strong economic recovery:

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PMQs: You can’t gesticulate your way out of a Balls-up

By Paul Walter | Published 21st October 2011 - 6:53 pm

He still looks like a clever sixth former to me, but it is fair to say that Ed Miliband has cracked Prime Minister’s Questions. His performance this week was excellent.

“Just a bit late” was David Cameron’s description of Miliband’s raising of the Fox affair. It is easy to understand why Miliband did not raise the subject last week. Labour played a canny game with Dr Fox. They did not call for his resignation and at the last PMQs, Miliband did not ask directly about the issue. This allowed Dr Fox to swing in the media wind, without obvious Labour encouragement. …

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Posted in News, Parliament, PMQs | Also tagged , , , , , , | 2 Comments

Opinion: Latest consumer data shows new ‘growth strategy’ is not needed

By David Thorpe | Published 15th February 2011 - 3:47 pm

The advent of 24 hour news channels has led to the media creating a fresh conventional wisdom with every new day.

They started by highlighting the dangers of a double dip recession because the government would cut too fast and too deep. Now, that’s something which Ed Milliband doesn’t even believe if you give credence to his recent appearance on the Andrew Marr Programme.

When the media were airing the cuts too fast argument, I indicated that the danger facing the economy over the medium term would come from inflation.

When the media turned its fire on the danger of inflation, and …

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Posted in News | Also tagged , | 50 Comments

CommentIsLinked@LDV: Tim Leunig – Co-ordinated inflation could bail us all out

By The Voice | Published 15th February 2009 - 10:40 pm

Over at the Financial Times, Tim Leunig – occasional contributor to LDV, and reader in economics at the London School of Economics – considers the unusual financial origins of the current recession. Here’s an excerpt:

The global economy would benefit from a pre-announced, temporary, globally co-ordinated bout of moderate inflation. Since it takes about two years for central-bank policy fully to influence inflation, a sensible policy would be to target 4 per cent inflation for the five years from 2011, followed by 2 per cent thereafter. … An increase in inflation by an extra 2 percentage points for a period

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Posted in LibLink | Also tagged , , | 5 Comments