Publications

Gambling, alongside tobacco and alcohol, is often regarded as a vice. The main reason behind this view is that gamblers often overlook the full extent of the costs involved in…

UK Consumer Price Inflation remained at 8.7% in May. The Bank of England has raised the cost of overnight money to 5% via increases in its Base Rate, and has…

Is Newspeak just a piece of the dystopia imagined by Orwell, or is it a realistic representation of a typical ambition of political power, connected with the will to influence…

Since the beginning of March, US regulators have closed and sold three banks: Silicon Valley Bank, Signature Bank and First Republic. The failures are the biggest to hit the US…

Introduction Central banks have undertaken many investigations, pilots and proofs-of-concept into Central Bank Digital Currencies (CBDCs), proving little beyond the lack of a convincing case in their favour, but unearthing…

Artificial Intelligence (AI) will soon become a major force in the economy, affecting nearly all aspects of production and consumption as well as the labour market. Many jobs which in…

In times of crisis, governments frequently express concern about the potential harm to consumers caused by price gouging, which involves charging unusually high prices for essential goods and services, particularly…

Ratings Agencies take notice of deteriorating finances Debt ratings agencies may not have the power they used to possess before the 2008 global financial crisis, but they still carry influence.…

Slower is safer. In 1973, Pierre Messmer, the then French prime minister imposed a 120 km/h speed limit on motorways. The decision was motivated by the desire to save fuel…

Since the Agreement on Agriculture of the World Trade Organization (WTO) came into force in 1995, global trade patterns have changed, but a number of distortions have remained. For example,…