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Tim Congdon
is an economist and businessman, who has for over 30 years been a strong advocate of sound money and free markets. He is often regarded as the UK’s leading “monetarist” economist. He was a member of the UK’s Treasury Panel of Independent Forecasters (the so-called “wise men”) between 1992 and 1997, which advised the Chancellor of the Exchequer in a successful period for British economic policy. Tim has recently set up a new economics consultancy business, International Monetary Research Ltd (www.imr-ltd.com). He is chief executive of the company, which is his latest venture.
Money in a Free Society
Keynes, Friedman, and the New Crisis in Capitalism
In the fifteen years leading to mid-2007 the world economy enjoyed unparalleled stability, with steady growth and low inflation. But the Great Recession has seen the worst economic turmoil since the 1930s. A dramatic plunge in trade, output, and employment in late 2008 and 2009 has been followed by an agonizingly weak recovery. What explains [...]