I have to tip my hat to Civitas. The ‘Tufton Street’ think tank made quite a splash on Monday, including bagging the front page of the Daily Mail, with two striking claims. One was that over half of UK households now receive more in benefits from the government than they pay in tax. The other … Continue reading Are we becoming too dependent on the state?
Tag: Demographics
Why we don’t need tax rises to pay for Covid
How deep a hole are we in? The Institute of Economic Affairs has just published a primer I’ve written on the state of the public finances, which digs into this question. On the bright side, I argue that there is no need for any form of austerity, including tax rises, to fill a gap left … Continue reading Why we don’t need tax rises to pay for Covid
Nudge economics – can paternalism ever be libertarian?
At first sight there’s an obvious inconsistency between libertarianism and paternalism. The latter usually involves government actions which limit someone’s choices, even if the intention is to promote their own good. How can it be right (asks the libertarian) to restrict an individual’s freedom and autonomy just because the government thinks it knows better? Indeed, … Continue reading Nudge economics – can paternalism ever be libertarian?
Plain-speaking Economics 