The great debate now obsessing Treasury bosses and central bankers is whether all those trillions they continue to print so obsessively are at last producing a perceptible bout of hyperinflation. Before trying to make sense [more…]
“The Government has a duty to the next generation to build more homes” – reads a recent headline, quoting the Housing Minister, whose choice of words masks his preferred role, which is to get out [more…]
It is beyond dispute that Covid’s ravages are on the wane, yet resistance to freedom appears to be far more resilient than the virus. Over two short years a so-called Conservative government, egged on by [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…]
My recent essays have focused on the boost to economic growth that occurs quite naturally when obstacles are removed. I cited the positive economic consequences of Margaret Thatcher’s decision to allow markets, including the labour [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…]
Trade Surpluses and Deficits Any country’s trade balance is the difference between the totals of its exports and imports respectively, as measured in its own currency. To the extent that its exports exceed its imports, [more…]
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