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Racism in the welfare state

Anti-racism protests have engulfed the West. What started as a legitimate protest about police violence in the US soon morphed into a general challenge to [...]

How the world forgot the crimes of communism – 2: The cover-up

The crimes perpetrated by the Nazis during the second world war hold a unique place in the conscience of the world. More than 15 million people were murdered [...]

How the world forgot the crimes of communism – 1: The crimes

In the 20th century, an unfathomable catastrophe played out in Russia. As first Vladimir Lenin and then Joseph Stalin forced through their Bolshevik workers [...]

Wall Street vs Main Street in one chart

Last week, the Liechtenstein based investment company Icrementum AG published the 2020 edition of their annual In Gold We Trust research note. The whole paper [...]

Efficient capital allocation falls victim to Coronavirus

Few problems in economics are so fundamental and so misunderstood as the issue of capital allocation. We live in a world of finite resources that need to be [...]

Where herd mentality thrives and freedom dies

Finally, the Coronavirus lockdowns in Europe are slowly being eased. Britain is a laggard, but even here it seems that by the end of July we will have seen [...]

Why we will not clap for the NHS

A new ritual has entered the weekly routine in locked-down households up and down the British Iles: every Thursday at 8pm, the otherwise quarantined Brits [...]

Why Quantitative Easing will hurt, not help the economy

The Coronavirus crisis will devastate the world economy. In addition to the human costs, the virus will lead to a precipitous fall in economic activity as [...]

Coronavirus, lockdowns and the ease of indoctrination

On an otherwise ordinary school day in 1967, Ron Jones, a young social studies teacher in Palo Alto, California, put his 10th grade students through an [...]

10 reasons to end the lockdown

As most of the Western world is in strict lockdown to fight Coronavirus, those who are sceptical about the policy of lockdown find it hard to be heard. [...]