Author: CreativeDeduction
The predictable capitulation of the Powell Fed
In 2008, when the Federal Reserve resorted to the radical step of quantitative easing to combat the Global Financial Crisis, few would have imagined that more [...]
Is taxation theft?
Taxation is theft. For those who follow a strict definition
of private property rights there is little doubt: the morality of taking that
which belongs to [...]
Beware the pitfalls of a 70% tax on the rich
Radicalism
has arrived at the centre of US tax policy. Alexandria Ocasio-Cortez, the
mercurial New York congresswoman, recently proposed a 70% marginal tax [...]
How war damages capitalism’s reputation
Free-market capitalism has a bad reputation. The easy promises of socialism are an obvious part of the problem, able as it is to paint the individualism of [...]
Climate change is Big Government’s Trojan horse
When thousands of school children walked out of class to join a UK-wide protest against political inaction on climate change, they were widely applauded. Some [...]
Do we have a crisis of democracy?
Is democracy experiencing a bit of a crisis? The Brexit process has highlighted the risk the establishment runs when they ask “the people”; the French [...]
Is austerity killing the poor?
Austerity has a bad reputation. The (thoroughly unsuccessful)
attempts to balance the books in western democracies – who for decades have
been spending more [...]
Don’t believe the left’s structural explanations of inequality
Inequalities, the left is keen to tell us, are entrenched. When more blacks are stop-searched by police it is used as proof of institutionalised racism. If [...]
The delusions of Modern Monetary Theory
Modern Monetary Theory (“MMT”) is the new cool kid on the economic
ideas block. Well, it’s not quite new: MMT traces its root back to the early [...]
Is the government always wrong?
For libertarians, the state is the enemy. We are opposed to
government from a philosophical as well as a utilitarian angle, believing that
voluntary [...]