http://blog.iea.org.uk/?p=147 institute of economic affairs Tue, 07 Sep 2010 08:18:04 +0100 http://wordpress.org/?v=2.8.5 hourly 1 http://blog.iea.org.uk/?p=147&cpage=1#comment-325 John Spiers Thu, 06 Nov 2008 19:04:25 +0000 http://blog.iea.org.uk/?p=147#comment-325 When will we re-learn that markets regulate themselves best, with light touch from government? Government never can pick winners (recall A.Benn Esq!). As someone who served on a National Regulatory body for nearly four years and who has seen the inside and how it doesn't contribute save to raise costs, curb innovation, and ignore realities from the consumer's point of view, I know of which I speak. When will we re-learn that markets regulate themselves best, with light touch from government? Government never can pick winners (recall A.Benn Esq!). As someone who served on a National Regulatory body for nearly four years and who has seen the inside and how it doesn’t contribute save to raise costs, curb innovation, and ignore realities from the consumer’s point of view, I know of which I speak.

]]> http://blog.iea.org.uk/?p=147&cpage=1#comment-256 Barry Sheridan Mon, 27 Oct 2008 12:27:51 +0000 http://blog.iea.org.uk/?p=147#comment-256 Dear Sirs, a good part of the regulatory apparatus in place owes it existence to dictatorial EU diktat. The sort of thing Britain's political elite denies. They would rather bankrupt the country than change their minds over membership of this fraudulent anti-democratic organisation. We are in for a poor future. Dear Sirs, a good part of the regulatory apparatus in place owes it existence to dictatorial EU diktat. The sort of thing Britain’s political elite denies. They would rather bankrupt the country than change their minds over membership of this fraudulent anti-democratic organisation. We are in for a poor future.

]]> http://blog.iea.org.uk/?p=147&cpage=1#comment-254 Dom Mon, 27 Oct 2008 09:39:19 +0000 http://blog.iea.org.uk/?p=147#comment-254 It is necessary to have a balance between short term and long term goals. Short term Keynesian spending is needed to work in parallel with 'radical deregulation'. At a time of low confidence, it is essential that the government intervenes, to improve the flow of liquidity and encourage firms to invest into their business plans to revive the economy. Further deregulation is required to ensure long term benefits. However,abandoning the minimum wage may cause market failure in terms of inequality. It is necessary to have a balance between short term and long term goals. Short term Keynesian spending is needed to work in parallel with ‘radical deregulation’. At a time of low confidence, it is essential that the government intervenes, to improve the flow of liquidity and encourage firms to invest into their business plans to revive the economy. Further deregulation is required to ensure long term benefits. However,abandoning the minimum wage may cause market failure in terms of inequality.

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