In Defence of Free Markets
byWhy is it that no one defends free markets, and socialism, despite all the evidence of its failures, comes back again and again? Unsurprisingly,…
Insight
Being and Time (and central banks)
byPeople value present goods more highly than future goods. For instance, an apple available today is considered more valuable than the same apple available…
The problem with Modern Monetary Theory
byAccording to the Modern Money Theory (MMT), money is a thing that the State decides upon. Following the ideas of the German economist, Georg…
The Global Economy Desperately Needs Freedom
byHow many bureaucrats are there in the world? The global population currently numbers more than 7.5 billion people. Out of that number it is…
“The Lessons of Economic History” in the European Parliament
byLast month I organised the event “The Lessons of Economic History” in the European Parliament. It was kindly hosted by Professor Joachim Starbatty MEP,…
Two prophetic 19th century anti-socialist satires
byThe Marxist Left in the Labour Party and elsewhere always embraces with naïve enthusiasm new revolutionary socialist regimes, most recently the one in Venezuela,…
Beyond GDP to a New Road to Serfdom
byIt is a commonplace that there is more to life than money and the material benefits that it may provide someone. We often make…
The Imperial Presidency Embodies Political and Economic Hubris
byHistorian Arthur M. Schlesinger coined the term “imperial presidency” in the 1960s. It was meant to indicate that the role of the president of…
The psychology of systemic consensus
byWe are all too familiar with established views rejecting change. It has nothing to do with the facts. Officialdom’s mind is often firmly closed…
Some Comments on “Economics for the Many” Edited by John McDonnell
byEconomics for the Many Ed John McDonnell Verso Books 2018 Democratising Economics in a Post Truth World By Antonia Jennings …