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	<title>John Kay</title>
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		<title>The dogma of ‘credibility’ endangers stability</title>
		<link>http://www.johnkay.com/2012/05/16/the-dogma-of-%e2%80%98credibility%e2%80%99-endangers-stability</link>
		<comments>http://www.johnkay.com/2012/05/16/the-dogma-of-%e2%80%98credibility%e2%80%99-endangers-stability#comments</comments>
		<pubDate>Wed, 16 May 2012 08:45:53 +0000</pubDate>
		<dc:creator>John Kay</dc:creator>
				<category><![CDATA[Article]]></category>
		<category><![CDATA[Fallacies]]></category>
		<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[Theory]]></category>

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		<description><![CDATA[
The elevation of credibility into a central economic doctrine has turned a sensible point – that policy stability is good for both business and households – into a dogma that endangers stability.]]></description>
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		<title>It is time to end the oligopoly in banking</title>
		<link>http://www.johnkay.com/2012/05/09/it-is-time-to-end-the-oligopoly-in-banking</link>
		<comments>http://www.johnkay.com/2012/05/09/it-is-time-to-end-the-oligopoly-in-banking#comments</comments>
		<pubDate>Wed, 09 May 2012 07:11:23 +0000</pubDate>
		<dc:creator>John Kay</dc:creator>
				<category><![CDATA[Article]]></category>
		<category><![CDATA[Business]]></category>
		<category><![CDATA[Competition]]></category>
		<category><![CDATA[Finance]]></category>
		<category><![CDATA[Industry Analysis]]></category>
		<category><![CDATA[Regulation]]></category>

		<guid isPermaLink="false">http://www.johnkay.com/?p=8573</guid>
		<description><![CDATA[Plurality and diversity are generally sources of stability – in banking as in nature.]]></description>
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		<title>France’s choice: naughty child or colourless adult?</title>
		<link>http://www.johnkay.com/2012/05/02/france%e2%80%99s-choice-naughty-child-or-colourless-adult</link>
		<comments>http://www.johnkay.com/2012/05/02/france%e2%80%99s-choice-naughty-child-or-colourless-adult#comments</comments>
		<pubDate>Wed, 02 May 2012 10:13:42 +0000</pubDate>
		<dc:creator>John Kay</dc:creator>
				<category><![CDATA[Article]]></category>
		<category><![CDATA[Decisions]]></category>
		<category><![CDATA[Europe]]></category>
		<category><![CDATA[Politics]]></category>

		<guid isPermaLink="false">http://www.johnkay.com/?p=8561</guid>
		<description><![CDATA[The presidency of the French Republic is a job description written for one man – Charles de Gaulle – and no one else has since filled the post with much distinction.
]]></description>
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		<title>Fewer ingredients will best serve the VAT on food</title>
		<link>http://www.johnkay.com/2012/04/25/fewer-ingredients-will-best-serve-the-vat-on-food</link>
		<comments>http://www.johnkay.com/2012/04/25/fewer-ingredients-will-best-serve-the-vat-on-food#comments</comments>
		<pubDate>Wed, 25 Apr 2012 08:59:56 +0000</pubDate>
		<dc:creator>John Kay</dc:creator>
				<category><![CDATA[Article]]></category>
		<category><![CDATA[Accounting]]></category>
		<category><![CDATA[Regulation]]></category>
		<category><![CDATA[Tax]]></category>
		<category><![CDATA[UK government]]></category>

		<guid isPermaLink="false">http://www.johnkay.com/?p=8555</guid>
		<description><![CDATA[The common sense that says “I know the difference between a Cornish pasty and a ham sandwich when I see it” is appealing, but we would rightly find it unacceptable that the decisions of a tax inspector should be based on the principle that he knows what to tax when he sees it.]]></description>
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		<title>The Foundation for Science and Technology</title>
		<link>http://www.johnkay.com/2012/04/25/the-foundation-for-science-and-technology</link>
		<comments>http://www.johnkay.com/2012/04/25/the-foundation-for-science-and-technology#comments</comments>
		<pubDate>Wed, 25 Apr 2012 08:53:30 +0000</pubDate>
		<dc:creator>John Kay</dc:creator>
				<category><![CDATA[News]]></category>
		<category><![CDATA[financial crisis]]></category>

		<guid isPermaLink="false">http://www.johnkay.com/?p=8567</guid>
		<description><![CDATA[On the 25th April, John gave a speech at the Foundation for Science and Technology on &#8216;Systemic Failure in the Banking System&#8217;, which you can listen to on the FST website. Other speakers included, Andy Haldane, executive director of financial stability at the Bank of England, and Martin Jacomb, former deputy chairman of Barclays.
]]></description>
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		<title>Beware of Franklin’s Gambit in making decisions</title>
		<link>http://www.johnkay.com/2012/04/18/beware-of-franklin%e2%80%99s-gambit-in-making-decisions</link>
		<comments>http://www.johnkay.com/2012/04/18/beware-of-franklin%e2%80%99s-gambit-in-making-decisions#comments</comments>
		<pubDate>Wed, 18 Apr 2012 08:29:05 +0000</pubDate>
		<dc:creator>John Kay</dc:creator>
				<category><![CDATA[Article]]></category>
		<category><![CDATA[Accountability]]></category>
		<category><![CDATA[Decisions]]></category>
		<category><![CDATA[Fallacies]]></category>
		<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[ideology]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[UK government]]></category>

		<guid isPermaLink="false">http://www.johnkay.com/?p=8548</guid>
		<description><![CDATA[When we make hiring decisions, or construct risk maps, or undertake investment appraisals we complete templates, the purpose of which is not to help us manage or decide but to rationalise what we already believe we know.]]></description>
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		<title>Paradigm Lost: Rethinking Economics and Politics</title>
		<link>http://www.johnkay.com/2012/04/15/paradigm-lost-rethinking-economics-and-politics</link>
		<comments>http://www.johnkay.com/2012/04/15/paradigm-lost-rethinking-economics-and-politics#comments</comments>
		<pubDate>Sun, 15 Apr 2012 13:17:46 +0000</pubDate>
		<dc:creator>John Kay</dc:creator>
				<category><![CDATA[News]]></category>

		<guid isPermaLink="false">http://www.johnkay.com/?p=8540</guid>
		<description><![CDATA[The Institute for New Economic Thinking (INET), hosted its third annual conference in Berlin from April 12th to 15th. The conference, entitled &#8216;Paradigm Lost: Rethinking Economics and Politics,&#8217; included scholars, students, journalists and policy makers, and covered topics from the future of economic theory to the future of Europe. There were many distinguished attendees, most [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>‘Give me liberty or £500’ is no rallying cry</title>
		<link>http://www.johnkay.com/2012/04/10/%e2%80%98give-me-liberty-or-500%e2%80%99-is-no-rallying-cry</link>
		<comments>http://www.johnkay.com/2012/04/10/%e2%80%98give-me-liberty-or-500%e2%80%99-is-no-rallying-cry#comments</comments>
		<pubDate>Tue, 10 Apr 2012 16:11:07 +0000</pubDate>
		<dc:creator>John Kay</dc:creator>
				<category><![CDATA[Article]]></category>
		<category><![CDATA[Decisions]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[Scotland]]></category>
		<category><![CDATA[UK government]]></category>

		<guid isPermaLink="false">http://www.johnkay.com/?p=8530</guid>
		<description><![CDATA[The petty, pragmatic character of Scottish concerns is appropriate, and in a sense reassuring. We should feel relieved that the passions expressed at Bannockburn, or Waterloo, or that prompted Paul Revere’s ride, no longer feature in the politics of western Europe.]]></description>
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		<title>Lessons from the house that Lewis built</title>
		<link>http://www.johnkay.com/2012/04/04/lessons-from-the-house-that-lewis-built</link>
		<comments>http://www.johnkay.com/2012/04/04/lessons-from-the-house-that-lewis-built#comments</comments>
		<pubDate>Wed, 04 Apr 2012 10:30:19 +0000</pubDate>
		<dc:creator>John Kay</dc:creator>
				<category><![CDATA[Article]]></category>
		<category><![CDATA[Business]]></category>
		<category><![CDATA[Fads]]></category>
		<category><![CDATA[Ownership]]></category>
		<category><![CDATA[UK government]]></category>

		<guid isPermaLink="false">http://www.johnkay.com/?p=8514</guid>
		<description><![CDATA[The British retailer John Lewis, owned by an employee trust and long a favourite of metropolitan women, has now become a favourite of their politician husbands.]]></description>
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		<title>My generation should repay its good luck</title>
		<link>http://www.johnkay.com/2012/03/28/my-generation-should-repay-its-good-luck</link>
		<comments>http://www.johnkay.com/2012/03/28/my-generation-should-repay-its-good-luck#comments</comments>
		<pubDate>Wed, 28 Mar 2012 06:11:08 +0000</pubDate>
		<dc:creator>John Kay</dc:creator>
				<category><![CDATA[Article]]></category>
		<category><![CDATA[Accountability]]></category>
		<category><![CDATA[Decisions]]></category>
		<category><![CDATA[Ethics]]></category>
		<category><![CDATA[fiscal policy]]></category>

		<guid isPermaLink="false">http://www.johnkay.com/?p=8498</guid>
		<description><![CDATA[Young people might reasonably ask their parents or grandparents why a much richer society cannot now provide the benefits it provided for an earlier generation. I am not sure I have a good answer.]]></description>
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