24 NOVEMBER 1979, page 13

Howe's Brave Move

Tim Congdon When the increase in Minimum Lending Rate from 14 to 17 per cent was announced on the floor of the Stock Exchange last Thursday, it was greeted by a burst of......

The Triangular Economy

Ferdinand Mount Most people believe in cheap money like most people believe in love and real ice cream. High interest rates are never going to be popular and for that reason......