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The best population policy is to have none

Independent - The awful truth is that this /China’s/ demographic experiment – involving cruelty and misery on a scale which few in the West truly comprehend or even care about – was almost certainly unnecessary. This is the conclusion of a new book by the American historian Matthew Connelly, published this week by Harvard University Press.

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Fiscal policy is our most potent instrument

Financial Times - Fiscal policy, more than monetary policy, will determine how and when this crisis will be resolved. The best contribution central banks could make is to help the money markets. I still believe some explicit currency-zone level money market insurance scheme is the way to go. By all means, cut [...]

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Ministers should concentrate their fire on the banks

Independent - There is a danger of governments missing the bigger picture of this crisis by concentrating on this particular set of policy options. A fiscal approach to stimulate spending is all very well, but equal attention needs to be given to the effect of monetary policy. To put it simply, if the [...]

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Europe’s surprising labour flexibility

Economist - Since then foreigners have come to make up 15% of Ireland’s population. The influx has helped to restrain wages even as unemployment sank to historic lows of under 4%. The new arrivals have also provided a big boost to domestic demand, as they shopped, ate and rented homes (thereby, less happily, [...]

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