Charlotte Bowyer's comments on Peter Thiel's investment in the marijuana industry feature in CityAM

The Adam Smith Institue's Head of Digital Policy, Charlotte Bowyer, was quoted in CityAM on Peter Thiel's decision to invest in the marijuana industry.

Charlotte Bowyer, head of digital policy at the Adam Smith Institute, commented:

It's great to see a pioneering institution like Thiel's Founders Fund make an investment in the nascent cannabis industry. It is a market which will only grow in size, and the potential rewards for early backers are huge.

Bowyer argues the announcement is a significant advance for the fledgling industry:

Investment like this is a big win for pro-legalization campaigners, and shows that the marijuana industry can move out of the black market to become a legitimate, professionalized sector with potential for tremendous success

Read the full article here. 

Ben Southwood's comments on Eurozone deflation feature in SKY News and LBC articles

The Adam Smith Institute's Head of Research's comments on the most recent Eurozone deflation numbers from December were featured in SKY News and LBC articles.

Head of research of the economic think-tank the Adam Smith Institute, Ben Southwood, said: "Eurozone deflation needs to be stopped as soon as possible to forestall a return to the darkest days of the crisis.

"The ECB must act now - easing monetary policy by buying bonds - or, even better, changing their whole regime and targeting the price level, or even nominal GDP, instead of inflation.

Read the full SKY News article here.

Read the full LBC article here. 

Sam Bowman defence of high CEO pay features in Channel 4 News article

Deputy Director of the Adam Smith Institute, Sam Bowman, offers a defence of high CEO and top executive pay in a Channel 4 News article on wage discrepancies.

Sam Bowman, deputy director of the free-market think thank, the Adam Smith Institute, said: "Considering how important the decisions made by CEOs are to their firms' success, it would be very strange if they were not paid very highly.

"Multi-billion pound firms can live or die based on the choices their directors make - a Steve Jobs can turn a firm into a world leader, while a bad CEO can ruin a thriving company. Think of how important it is for Tesco to make the right strategic decisions in the coming years. It is no surprise that it is willing to pay well for the best CEO it can find."

Read the full article here. 

Press Release: Eurozone deflation needs to be stopped to forestall return to darkest days of the crisis

For further comments or to arrange an interview, contact Communications Manager Kate Andrews: kate@adamsmith.org / 07584 778207.

Commenting on Eurozone deflation of 0.2% in December, Head of Research of the Adam Smith Institute, Ben Southwood, said:

Eurozone deflation needs to be stopped as soon as possible to forestall a return to the darkest days of the crisis.

The European Central Bank must act now—easing monetary policy by buying bonds—or, even better, changing their whole regime, and targeting the price level, or even nominal GDP, instead of inflation.

There is only one positive angle to Europe's macroeconomic state: that much of the downward pressure on inflation is coming from supply-side improvements, like cheaper fuel and food.

But demand-side inflation is hardly healthy, and after years of lacklustre income growth the ECB should be overshooting, not undershooting their target.

Continued depression will only undergird support for extremist parties in the peripheral areas of the bloc, undoing all the progress that has been made in recent decades.

Notes to editors: For further comments or to arrange an interview, contact Kate Andrews, Communications Manager, at kate@adamsmith.org / 07584 778207.

The Adam Smith Institute is an independent libertarian think tank based in London. It advocates classically liberal public policies to create a richer, freer world.

Sam Bowman's criticizes Ed Miliband's remarks on 'slave wages' in CityAM

Deputy Director of the Adam Smith Institute, Sam Bowman, was quoted in CityAM criticizing Ed Miliband's remarks on "businesses recruiting at slave wages."

Sam Bowman, deputy director of the Adam Smith Institute, added:

We already have rules that prevent businesses from hiring workers of any nationality at "slave wages" and protect health and safety standards in the workplace, so what Ed Miliband is proposing is either meaningless or code for rules that disadvantage foreign workers to protect British workers. Rules that make it costlier for British firms to hire foreign workers will increase costs for consumers and reduce British firms’ efficiency.

Read the full article here.

As police unions slam New York’s mayor, could the city be losing faith in its cops? - Kate Andrews argues 'yes' in the CityAM Forum

Communications Manager at the Adam Smith Institute, Kate Andrews, argues that the trust between police officers and citizens is disintegrating in areas like New York City in the CityAM Forum.

The death of Eric Garner, after an incident with police officers, has become a national tragedy in the US, in part because Americans know it wasn’t isolated. The New York Daily News found that at least 179 people were killed by on-duty New York Police Department (NYPD) officers in the last 15 years. Only three deaths led to an indictment in the state court. One officer has been convicted for killing a civilian, and he didn’t serve jail time.

Currently, the national media is running almost-daily stories about policy brutality throughout the States, and the long-held view that police officers are taking advantage of their power is spreading. The shooting of two NYPD police officers over the weekend did not bring the police and protesters together in solidarity, but escalated tensions and encouraged finger pointing.

The police feel stereotyped. The public feels brutalised. Trust between law enforcement and the communities it serves is fundamentally fraying.

Read the full debate here.