As virtually any reputable economist would answer, it completely depends on the level of real interest rates. The answer is completely different if they are 10% or, as now, -1%. (View Post)

There are two economic reasons for high house prices - one cyclical (very low interest rates) and one structural (excessive regulation of housebuilding). The combination of the two has been thoroughl… (View Post)

Also having a newborn baby which is not exactly a recipe for being well-rested. Nobody ever mentions that for some reason. (View Post)

Brown's performance in his last ten days in office was of a piece with the rest of his Prime Ministership. It was so dismal that it simply defied rational explanation, especially since he didn&#… (View Post)

If you need that kind of check then you've got the wrong executive and the wrong legislators. Elections are the cure. And all too often unelected, unaccountable judges with their own agendas twi… (View Post)