Latest Issue

What can be done about a price bubble? If, as has been suggested in recent months, there is a housing bubble in the UK, is it anybody’s job to step up, pin in hand, and pop it?

In the US, the Federal Reserve Bank issued a statement in early 2012, stating that it’s mandate included keeping inflation below 2 per cent “thereby fostering price stability and moderate long-term interest rates and enhancing the [Federal Open Market Committee’s] ability to promote maximum employment.” The Bank of England has eight Strategic Priorities listed on its website—and like the Fed, nowhere does it…

Register today to continue reading

You’ve hit your limit of three articles in the last 30 days. To get seven more, simply enter your email address below.

You’ll also receive our free e-book Prospect’s Top Thinkers 2020 and our newsletter with the best new writing on politics, economics, literature and the arts.

Prospect may process your personal information for our legitimate business purposes, to provide you with newsletters, subscription offers and other relevant information.

Click here to learn more about these purposes and how we use your data. You will be able to opt-out of further contact on the next page and in all our communications.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

We want to hear what you think about this article. Submit a letter to

More From Prospect