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Michael Lloyd
The article (link) examines the rationale behind the exploration by the vast majority of the world’s central banks of introducing central bank digital currencies (CBDCs). The phenomenon is discussed in the context of a number of key issues: a) the main drivers of central bank interest, b) the crucial role of public money in supporting...
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Two well-respected analysts and commentators, John Mearsheimer (2022) and Wolfgang Streeck (2022a and b), have recently put forward a persuasive thesis that historical and contemporary fault-lines are placing the EU in a position where its political and economic independence may be terminally challenged (see especially Streeck (2022b) in an Unheard interview. In summary, the thesis...
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Despite the apparent acceptance at international level of several linked, though in some cases contradictory, norms, namely the (civic) nation-state sovereignty, the territorial integrity of nations-states, unitary and federal governance structures, and the right of self-determination, these norms are frequently challenged. The artificiality of such norms – confirmed only by the flimsy apparatus of international...
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In 1978, Vaclac Havel wrote an essay, “The Power of the Powerless”. It followed the publication of “Charter 77” in 1977. In the essay Havel attempted to explain his view of what it meant to be a dissident in Czechoslovakia at that time, but the essay also described the nature of the all-pervasive ideology prevalent...
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There seems little doubt either that a new Cold War is appearing in the world, or of its ideological content. This is not to dismiss economic competition and security issues, but there needs to be a recognition of the ideological content of the contemporary antagonisms. The difference with the new Cold War is that the...
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There are two ways of looking at the “Aukus” initiative, recently launched by the US, Australia, and the UK. First, it may be seen, as it was described by Ben Wallace the UK Defence Secretary: as an important defence procurement trade deal between the US and Australia, involving the construction and delivery of nuclear-powered submarines...
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We should perhaps be comfited, at least partly, by the fact that the shift in some other European countries towards mandatory vaccination has not yet surfaced strongly in the UK. However, for some time now I have been concerned about the often inadequate, misleading, and often conflicting information presented to the British public over the...
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For some time now I have been concerned about the often inadequate and misleading information presented to the British public over the past 18 months, by politicians, by the senior medical-science bureaucracy, and, unfortunately by a proportion of virologists, behavioural scientists, and epidemiologists. Some of this reluctance to divulge information is perhaps understandable. The underlying...
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Part 1. Short-term Inflation and Risk Factors Although inflation (defined in nominal terms as an increase in the general price level) is increasing. in the US, UK, and the Euro area, following a long period of deflation and a pandemic slowdown in economic growth. Yet it is too early to claim that the current inflation...
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The GPI Associate Director and Senior Research Fellow, Dr Michael Lloyd, will present a paper on the subject of “The Uncertain Future of the UK Outside Europe” at the 91st International Atlantic Economics Conference, hosted by the International Atlantic Economic Society and taking place from May 19th to May 22nd. For more information on the...
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