On predicting, prices and electing Mervyn King’s heir

26 Jul

Apologies for the lack of posts of late. As some of my readers will know, I am now writing for the Economist. Which means slightly more restrained, less exclamatory writing! (And invariably economic.) I’ll keep you updated with my recent activity.

Inflation is now 2.4%. I have argued for the past year that growth – not prices – is and should be Britain’s main worry. Here I offer my thoughts:


There seems to be much fury directed at Mervyn King recently. He has far more power now than MPs, who can only carp. So should we elect his successor? Here I warn against it:


Markets can predict better than experts, a new paper indicates. But should we take note of predictions? Here I argue we shouldn’t:



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