Why a tolerant society is not a free society
Individual freedom is the libertarian ideal, the abstract value which guides moral action. As a political idea, libertarianism emerged in the latter part of the 19th century from liberalism, the overarching political paradigm to come from the Enlightenment. Liberalism centred the individual, both as the architect of his own destiny through his faculty for [...]
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 two weeks of [...]
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 months stuck to the [...]
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 they collect in [...]
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 industrialisation they [...]
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 talking about) [...]
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 as tariffs and [...]
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 the background [...]
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 major [...]
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 diverted from Covid [...]
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 struggle against [...]