How much longer can the housing crisis last?

Having a two-party system gives the political class a hidden power. They can collectively decide which political issues are genuinely up for debate… and which are not to be mentioned. The housing crisis is certainly not for discussion. Even if it is the giant woolly mammoth in the room.

Laffer’s paradox and the folly of high taxation, part 2

In part 1, I presented Arthur Laffer’s eponymous curve and the implications it has for British tax policies. In brief, there is really no way for tax rates to go anywhere but lower from here.

Laffer’s paradox and the folly of high taxation, part 1

Arthur Laffer, legendary US economist and adviser to two presidents, visited the UK last month. His message: taxes are way too high. If not lowered dramatically, high rates of tax threaten an economic “destitution”.