With so much bad news coming from the financial markets, it is becoming difficult to see the wood for the trees. In this think piece, ASI executive director Tom Clougherty identifies the main problems we face, explores their policy implications, and examines the bigger economic picture.
Inflation targeting has failed. In a new report for the ASI, Scott Sumner argues that the Bank of England should adopt a policy of nominal GDP (NGDP) targeting, which would address the dual concerns of macroeconomic policy – inflation and growth – in one target. Here, the ASI's Executive Director Tom Clougherty summarizes the report and its findings. (Download PDF)
The coalition government’s health proposals are a mixed bag, and much will depend on the final legislation and implementation process. But whatever happens, they will not create a real market in healthcare…
Ahead of the VAT rise to 20% in January 2011, Tom Clougherty wrote this article arguing that the hike is a regrettable step in the wrong direction. It will dent consumer confidence and undermine economic growth.
Tom Clougherty responds to the spending review and argues that a mature reassessment of the welfare state is the only way we will avoid fiscal calamity.
How severe will the cuts due to be outlined in the Comprehensive Spending Review (CSR) actually be? This short, opinion-free briefing that aims to answer this question, by examining the spending totals outlined in June's Emergency Budget.
Tom Clougherty discusses the big society agenda and why it is preferable to big government. He argues that big government undermines the complex fabric of relationships that exist in a free society but also warns of the dangers of government attempting to plan society.
In this article Tom Clougherty explains why health spending needs to be cut and suggests the best ways of achieving these spending reductions.
In this think piece, ASI executive director Tom Clougherty reacts to each of the policies contained in the Lib Dem-Conservative coalition agreement.
In this think piece, Tom Clougherty outlines the key ways the free market can be promoted in 2009: offer a compelling narrative that runs counter to 'common wisdom'; oppose Keynesianism and the idea that government can stimulate the economy; expose the government interventions and failures that contributed to the financial crisis; advocate policies to raise productivity and economic competitiveness; and educate people about theories and ideas of the great free-market thinkers, particularly those of the Austrian School.
The Adam Smith Institute is the UK’s leading libertarian think tank...
