Leading politicians are ignoring basic economic lessons

Boris Johnson seems as keen as Ed Miliband on the idea of a ‘living wage’ (a misnomer, incidentally, as the LW is an hourly rate, and a large proportion of its potential beneficiaries only work part-time). The Labour Party wants to freeze energy prices. Eric Pickles intends to introduce new controls on the rented housing market. And Nick Clegg is determined to pay for my daughter’s spaghetti bolognese and jam roll.

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Source: http://www.iea.org.uk/blog/leading-politicians-are-ignoring-basic-economic-lessons

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