Exorcising Inflation

Governments should aim for zero inflation, since even moderate inflation leads to higher interest rates, business failures and ultimately higher unemployment. 5 years before the Bank of England were granted nominal independence  Charles Hanson called for monetary policy to be given over to them, as successfully demonstrated by New Zealand.

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Wood for the Trees

The privatization of the Forestry Commission and the reasons why are looked into by Douglas Mason. He looks closely at the history of the Forestry Commission and the reasons as to why they have failed in all areas to make state owned forestry viable. He highlights one area, visitors to the forests, as the only one if run properly by the State that could be profitable, though the need for change exists. Douglas Mason also looks at how the privatization could be pushed through and how best to protect the forests under the private sector.

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Judgement Day

Our courts our slow, outdated, and costly. Adam Thierer shows how people in the US have abandoned them for private arbitration: and how the state and federal courts have had to accommodate this change. A model for modernising the court service in the United Kingdom and elsewhere?

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A Country at Ease with Itself

It is customary for those in public life who set out their ideas to sensationalize their work with overblown claims about its urgency. Thus we are usually told that "Britain stands at the crossroads," and that critical choices have to be made which will determine the entire future of the nation. Such claims serve to underline the dire warnings of the writer, to alarm people that we face some sort of "crisis," and to suggest that only prompt action based on those selfsame insights can avert the impending catastrophe. I make no such claims. Britain stands at no crossroads except in the trivial sense that every present is a crossroads where the past meets the future. I do not believe that this nation is in crisis or that only the immediate adoption of urgent remedies can save it. On the contrary, I believe that Britain is well on course, and is in the process of making a seamless transition from the policies which succeeded in the 180s to those which will succeed in the 1990s.

Thus my purpose is not an attempt to sound the alert to some impending emergency, however much interest such drama would add to my words. It is rather to show how the principles which enabled us to solve many of the problems of the last decade can develop the policies we need to tackle the different priorities which the current decade presents.

 

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