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Philip Booth
24 March 2009
10 comments

I am not altogether clear at the moment what the Conservatives’ policy is at the broader fiscal level. In current circumstances they probably need a few months to sort things out but...
Kristian Niemietz
19 March 2009
8 comments

Eighty years ago the Austrian economist Ludwig von Mises showed how a supposedly “targeted” state intervention in a free economy can produce a whole spiral of follow-up interventions....
Kristian Niemietz
9 March 2009
6 comments

At a time when both public deficits and government spending are increasing (bank bailouts and stimulus packages), there is immense political pressure to address the issue of tax havens....
John Meadowcroft
3 March 2009
2 comments

Irrespective of the moral rights and wrongs of the former Royal Bank of Scotland chief Sir Fred Goodwin’s pension entitlement, the widely reported comment by the Deputy Leader of the Labour Party,...
Peter King
25 February 2009
10 comments

Those of us interested in extending personal freedom tend to make some rather glib assumptions in our thinking. For instance, it has been argued by several people recently on the IEA blog (with...
Richard Wellings
23 February 2009
7 comments

The part-nationalisation of Britain’s banks represents a further extension of state power and the erosion of private property rights. There is a huge danger that under political influence the...
Peter King
11 February 2009
28 comments

The whole issue of the legitimacy of government intervention in the housing market is particularly pertinent at the present moment. The government is flailing around trying to increase mortgage...
John Meadowcroft
6 February 2009
14 comments

In recent months there appears to have been a resurgence of scholarly interest in F. A. Hayek’s classic of political economy, The Road to Serfdom. Academics have been focusing in particular on...
Kristian Niemietz
3 February 2009
comments

One of the justifications for government intervention in the market is the presence of ‘external effects’ or ‘externalities’ which occur when individual actions adversely...
Terry Arthur
30 January 2009
8 comments

Adam Smith’s ‘agency problem’, the separation of ownership from control, enables big-business executives and directors to pursue their own agenda. All too often this results in an...
Nick Silver
26 January 2009
6 comments

In his excellent book, The Origin of Wealth, Eric Beinhocker argues that it is markets, not individual companies, which are most effective at allocating resources. This apparently subtle distinction...
Kristian Niemietz
20 January 2009
8 comments

In a recent IEA discussion paper, Nick Silver argues that official figures display less than a fifth of the UK’s actual public debt. This is because pension entitlements constitute debt in all...
Peter King
19 January 2009
18 comments

Should the UK government really be encouraging households to borrow money to buy houses in the current climate? And should it be encouraging banks to lend to them as part of the latest bailout...
Philip Booth
13 January 2009
26 comments

It was interesting to see David Cameron’s library in the newspapers yesterday. There are some good choices there. Kynaston’s book on the austerity years after the war is excellent, for...
Kristian Niemietz
9 January 2009
6 comments

Philip Booth’s blog article about Pope Pius IX reminded me of another historical figure who predicted, with an astonishing degree of accuracy, what life would be like in a socialist state....
Nick Silver
6 January 2009
22 comments

The UK has recently undergone a banking crisis, the reasons for which have been much analysed, but basically boil down to a mixture of liquidity problems (banks unwilling to lend to each other) and...
Richard Wellings
5 January 2009
4 comments

Will a green ‘New Deal’ help get Britain out of recession? The Liberal Democrats, for example, have proposed the reopening of disused railway lines as a means of boosting the economy....
Donald J. Boudreaux
27 December 2008
2 comments

Shopping-mall Santas remind me of politicians. No joke. Consider the similarities: each Santa sits upon a throne and receives from strangers demands for free goodies. Each child who asks for things...
Richard Wellings
16 December 2008
22 comments

Following the bailout of several banks, the government is now considering measures to ‘save’ the British car industry. Such a bailout would be wrong in itself but would also set a very...
Philip Booth
8 December 2008
7 comments

Pope Pius IX had everything modern in his sights when he wrote the Syllabus of Errors and related encyclicals. It was not just socialism that came in for a pasting and I am sure he would have been...