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What happened in the wake of the Mini Budget? 

Liz Truss came off to the worst possible start as Prime Minister. First, she became the last person to shake the hand of the late Queen Elisabeth and, after [...]

Markets missed inflation, Austrian economists did not 

High and persistent inflation has come as a surprise for many. The US Federal Reserve famously labelled inflation ‘transitory’ in early 2021, and for [...]

How broke is the government?

The United Kingdom’s government is broke. It is something that is almost never spoken of, but it is true, nonetheless. Our politicians spend a lot more than [...]

The good thing about the West’s climate hypocrisy

There has always been a chasm between the rich West and the developing world in their attitude to decarbonisation, because of the different stages of [...]

No, a wage-price spiral is not inflationary 

Inflation is well and truly back. With prices rising across the economy, years of reckless money-printing has come home to roost. Central banks are (at least [...]

Does the Ukraine war spell the end of the US Dollar’s reign? 

The age of globalisation, which started with the fall of the Iron Curtain, is on the wane. For decades, the world economy became increasingly interconnected [...]

Why sanctions against Russia are a big mistake

Russia’s invasion of Ukraine has brought about an unprecedented international response, both in terms of speed and magnitude. We have already written about [...]

Who is to blame for the war in Ukraine?

There is war in Europe, and for the first time since the Second World War, the Russian invasion of Ukraine has spilled over from a regional conflict into a [...]

Fake news from battleground Ukraine

After months of sabre-rattling, last week Russia’s President, Vladimir Putin, finally gave the order to invade Ukraine, and the world’s attention was [...]

Opposition to vaccine mandates is part of a larger fight for freedom

Freedom used to be a universally held value. From John Locke to Martin Luther King, from the French Revolution and the American War of Independence to the [...]