What would Keynes have said? Ouija board active!

The loss of triple A status on UK government bonds has intensified the demands for a Plan B. So-called Keynesians demand an increase in both public spending and the public sector deficit. What might Keynes himself have said about the current situation? Lacking a Ouija board, I am unable to communicate directly with the great […]

Airports, Commercial Value and how to Split Hairs

In the not too distant past, major UK airports were public assets. In many parts of the world, they still are. But here, for some good and some not so good economic reasons, we privatised ours. So now we need to ask whether private investors want to own them, and especially whether they want to construct […]