Archive for December, 2013
Merry Christmas
In: Uncategorized
24 Dec 2013I would like to wish all my readers a very Merry Christmas.
Second thoughts on QE
In: Uncategorized
23 Dec 2013It has become the received wisdom that quantitative easing (QE) has played a central role in pushing up asset prices in recent years. That makes it a particularly good time to question the contention. Many commentators, including myself, have gone on to argue that QE has favoured the rich disproportionately since they hold most financial assets. […]
- Tags: economics, finance, Fund Strategy, inequality
Stop blaming your parents
In: Uncategorized
9 Dec 2013One of the worst habits of the current generation of younger adults is to blame their older peers for many economic and social problems. Such scapegoating is understandable in those in an awkward teenage phase but anyone over 20 should have grown out of it. Take the discussion of household debt. It is often framed […]
- Tags: economics, Fund Strategy, Malthus
Inequality rules
8 Dec 2013This article for the Financial Times was published in Friday’s FT Wealth. Every generation has thinkers who support the right to accumulate great wealth. Such figures are reviled by egalitarians for defending the indefensible: upholding privilege and hierarchy while the common man or woman suffers impoverishment. Conservatives typically respond that social inequality can benefit society […]
- Tags: America, economics, inequality, media appearances
Modern-day treasure hunters
8 Dec 2013My latest book review for the Financial Times was published in Friday’s FT Wealth. The Frackers: The Outrageous Inside Story of the New Energy Revolution, by Gregory Zuckerman, Portfolio Penguin, 2013 In just five years, the US has enjoyed a remarkable transformation in the way its energy prospects are perceived. Until the middle of the […]
An equality paradox
In: Uncategorized
4 Dec 2013Nancy McDermott makes an astute point on equality in her masterly spiked essay on “maternalism”: “Today’s obsession with inequality masks an attack on equal standards and equal rights”.
- Tags: inequality, spiked
Boris Johnson admits egalitarianism
In: Uncategorized
3 Dec 2013Boris Johnson, the mayor of London, has unwittingly endorsed my characterisation of him as a new egalitarian in yesterday’s spiked piece. An article in today’s Guardian quotes him as saying “there is too much inequality” and “my speech was actually a warning against letting inequality go unchecked”.
- Tags: Britain, inequality, spiked
Everyone’s egalitarian now
In: Uncategorized
2 Dec 2013This article was first published on spiked today. Although last week’s Margaret Thatcher lecture by Boris Johnson was widely understood as a traditional conservative rejection of equality, it was nothing of the sort. It is true that the mayor of London stepped slightly beyond the bounds of what is generally considered appropriate in these oversensitive […]
- Tags: inequality, media appearances, spiked
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