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The Real Problem Was Nominal

Scott Sumner on how central banks caused the Great Recession and how NGDP targeting can avoid a repeat in the future.

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Wind Power Reassessed

Dr. Capell Aris conducts a review of the UK wind resource for electricity generation in a joint paper with the Scientific Alliance

The Blog

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Spotting Worstall’s Fallacy in the wild

In a discussion of Joe Stiglitz’s new book in The Observer we see this: Back in 2008 the top 20% of households in the country were estimated to be worth 92 times more than the bottom 20%. The latest... Read More »

A glorious example of political naivety

There’s any number of lessons that we might take from the past few years. Fragile banking systems aren’t a good idea perhaps. We seem to have shown that monetary policy is still effective at the zero lower bound, therefore... Read More »

About Us

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The Adam Smith Institute is one of the world's leading think tanks. Independent, non-profit and non-partisan, it works to promote libertarian and free market ideas through research, publishing, media commentary, and educational programmes. The Institute is today at the forefront of making the case for free markets and a free society in the United Kingdom.

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Recent Research

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fca

Do we need the FCA?

Students of the Financial Conduct Authority will appreciate the FCA’s Business Plan 2015/16 which mostly sets out what it does, but also touches on what it achieves and its... Read More »

QE-a Culpa

Recently I’ve been looking through some of the articles I’ve written about QE over the last few years. I spent much of the post financial crisis period learning about monetary theory and wondered about the extent to which this... Read More »