What a spectacle! Two former colleagues, erstwhile members of Boris Johnson’s discredited cabinet, now vying with each other for the top job. Collegial unanimity of purpose has given way to visceral rivalry – gloves off [more…]
An astonishing acceleration Even though the downhill trajectory we saw over the last decades in terms of property rights was bad enough, nothing could have ever prepared us for what the covid crisis would bring. [more…]
It wouldn’t be an exaggeration to argue that private property rights, as understood by classic liberal thinkers, by those who embrace Austrian economic theory and by all member of an enlightened society, are not only [more…]
A paradox is an apparent absurdity or contradiction that, on close investigation, is found to be true. What’s happening in government right now is hardly paradoxical – it certainly appears to be both absurd and [more…]
After months of consumer price increases and after countless working households found themselves in dire financial straits struggling to make ends meet, in the late May, President Biden finally revealed his grand plan to fight [more…]
This proverb spells out the link between waste and impoverishment. Economic Perspectives 112 highlighted the inevitability of massive waste of public money when government expenditure is not susceptible to economic calculation. ”Would I sanction this [more…]
Every time we hear government officials announce their big spending plans, their new welfare programs and their ambitious “job creating” schemes, they always present them as being in defense of the poorest and the most marginalized [more…]
I have written on the subject of currency debasement many times, but it is now reaching crunch-time – even for the pound, dollar, yen and euro. Most respected economists persist in defining inflation as a [more…]
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