Government economic policy is completely backwards. We are told that massive deficit spending, interest rates driven to zero, and now higher taxes on the “rich” will bring the American economy out of the doldrums or [more…]
Following his interview with Vladimir Lenin on the subject of inflation in 1919, John Maynard Keynes quoted the Russian as having said “The best way to destroy the capitalist system is to debauch its currency”, [more…]
Whether it’s the belief that commitment to more infrastructure spending by the state will create more jobs; or that import tariffs are needed to protect domestic industries; or that currency manipulation can boost exports; or [more…]
The Conservative government has strayed so far from the principles on which it was elected that it is scarcely recognisable as the party most people voted for. Its colour on the political spectrum has undergone [more…]
A well-designed tax policy would extract from citizens’ wealth what’s needed by the government to protect their lives and civil liberties. It would not be designed to achieve purely political objectives, no matter how dressed [more…]
Expenditure by “Big-government” is not readily susceptible to economic calculation. Therefore it’s impossible to know whether citizens would support central or local spending proposals – and they are never consulted anyway. The result is often [more…]
Whether it’s your local Council, blocking suburban roads with impassable barricades, feigning concern for neighbourhood tranquillity; or imposition by central government of the most intrusive behavioural prohibitions outside of war – this vile syndrome of [more…]
We have just endured yet another March Budget in which the Chancellor sets out his strategy for balancing the nation’s expenditure plans with its available resources, principally from taxation. They are, of course, his spending [more…]
The huge economic harm caused by Covid-19 is seen and experienced clearly and directly on a daily basis. Less obvious is the damage wrought in every welfare-driven democracy whose government finds itself in the dual-role [more…]
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