What is a nation?
In the modern political tradition, patriotism has always been revered. Not only is pride in and devotion to country seen as a positive, but its absence is also often taken as a sign of moral deficiency. Nationalism, on the other hand, is more suspect. The nationalist identifies with the nation and nationalism can manifest as a political ideology, as it did [...]
Is the British economy at the brink of collapse?
Britain is finding itself in a bit of financial turmoil. In the wake of the new Conservative government’s mini budget a few weeks ago, the international financials markets [...]
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 [...]