The board of the Bank of England has repeatedly failed to keep growth balanced. An inflexible rule would be better.
The Coalition is reluctant to frame an EU regulatory policy, leaving the Foreign Office without a clearly defined path.
UK budget 2010: Britain today unveiled budget cuts to raise £40 billion in state revenues through tax increases, welfare cuts, and salary freezes. But history suggests that raising taxes during a recession can cause a double-dip.
Leaders of developed economies now come from a professional ruling class whose survival depends on delivering the fantasy that we can live beyond our means.