en-uk Tue, 30 Oct 2007 15:37:29 GMT Copyright 2007 Times Newspapers Ltd. custserv@timesonline.co.uk http://www.timesonline.co.uk Sat, 11 Jul 2009 01:33:43 GMT Newspapers 144 21 http://www.timesonline.co.uk http://images.thetimes.co.uk/TGD/picture/0,,116979,00.gif Anatole Kaletsky Thu, 09 Jul 2009 00:00:00 GMT 2009-07-09T12:37:24Z It is unfashionable to say so, but Alistair Darling’s response to the financial crisis was broadly right — at least after his Pauline conversion in mid-October to the necessity of offering unlimited government guarantees to all British banks. The financial system has been stabilised. The economy and the housing markets are showing signs of recovery. Northern Rock has repaid most of its government borrowings well ahead of schedule and there has been no necessity to nationalise fully other leading banks. And despite all the lurid headlines about trillions of pounds of public money flowing to greedy bankers, the cash cost to taxpayers of all the guarantees offered to financial institutions has so far been precisely nil. Anatole Kaletsky Thu, 02 Jul 2009 00:00:00 GMT 2009-07-09T01:03:54Z Two of the most familiar aphorisms in progressive politics are Nye Bevan’s famous comment that “socialism is the language of priorities” and the age-old cliché that “to govern is to choose”. Now Gordon Brown has brought these hoary old slogans up to date for the age of post-Blairite new Labour. For Mr Brown today, socialism is the language of pretences and to govern is to cheat. Anatole Kaletsky: Economic view Mon, 29 Jun 2009 00:00:00 GMT 2009-07-02T03:04:46Z Now that the global recession appears to have passed its low point, panicmongers in the media and financial markets are shifting their attention from deflation to inflation — and especially to the debasement of the dollar by the money-printing operations of the US Federal Reserve. Whether printing money necessarily always leads to inflation is a long-running theoretical debate which the economics profession shows no sign of resolving, there is a factual question related to this argument that is much more important and straightforward, yet completely misunderstood. Leaving aside the question of whether it is a good or a bad idea to print money, which of the world’s leading central banks is printing money faster: the Fed or the European Central Bank? Anatole Kaletsky Thu, 18 Jun 2009 00:00:06 GMT 2009-07-02T03:04:51Z While British voters can look forward only to the squirming of a lame-duck Prime Minister and a discredited House of Commons, America is starting one of the most important policy debates in its modern history. Barack Obama describes his promise to create a system of healthcare that would guarantee to all Americans the basic medical treatment taken for granted in other advanced democracies around the world as the defining issue of his presidency. Anatole Kaletsky: Economic view Mon, 15 Jun 2009 00:00:00 GMT 2009-06-15T12:23:25Z The weekend G8 communiqué, coming after four months of stabilisation in most financial markets, seemed to mark the official end of the financial crisis. If so, what lessons should be learnt for economic and financial policies in the months ahead? The history of the crisis in the next few paragraphs may not be the standard version presented by most commentators and economists, yet recent events suggest it to be a plausible account of what went wrong.