Blogging will be light for a few days for reasons which will become apparent when I return to it. In the meantime, I wanted to offer some prescient writing from Mises’ 1949 masterpiece, Human Action on the crisis of well-intentioned economic intervention. Via Human Action chapter XXXVI: The Exhaustion of the […]
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The Crisis of Interventionism, part 1: The Harvest of Interventionism
Blogging will be light for a few days for reasons which will become apparent when I return to it. In the meantime, I wanted to offer some prescient writing from Mises’ 1949 masterpiece, Human Action on the crisis of well-intentioned economic intervention. Via Human Action chapter XXXVI: The Harvest of […]
Read MoreGordon Kerr predicts the failure of the Greek bailout
My Cobden Centre and Cobden Partners colleague Gordon Kerr appeared this morning on Bloomberg to explain why the Greek bailout will fail: As I have said in debate, in the context of using the IMF to facilitate bailouts: …If this is not the time of all times to question the […]
Read MoreThe Government’s business strategy
The Government recently announced a number of policies to help British businesses. They have launched the updated and overhauled businesslink.gov.uk website. This is now the primary gateway for businesses, of whatever scale, seeking support and information from the Government. It’s backed by a new telephone contact centre and many thousands […]
Read MoreFinancial regulation and the deception of government intervention » The Cobden Centre
I have written today on financial regulation for The Cobden Centre: In the aftermath of the financial crisis, we are now going down a road towards ‘judgement-based’ regulation of financial firms in an attempt to salvage capitalism. It is proposed that firms will be supervised by what amount to shadow management […]
Read MoreThe Causes of the Economic Crisis (1931)
From an address by Ludwig von Mises in 1931, published in The Causes of the Economic Crisis and Other Essays Before and After the Great Depression (PDF) (emphasis mine): According to the circulation credit theory (monetary theory of the trade cycle), cyclical changes in business conditions stem from attempts to reduce […]
Read MoreAtlas Shrugged on the big screen
As I have reported before, there’s much in Ayn Rand’s writing that I do not like: As an articulation of what goes wrong when government and other coercive institutions intervene in the economy and in society, it is a masterpiece. As an articulation of the timeless morals which have sustained […]
Read MoreEU transport policy
Today, the Transport Committee learned that: We are stuck with the ridiculous Galileo project. If we don’t like aspects of the ‘Eurovignette’ in due course, we are stuck with it. The Government accepts the principle of central planning and wealth redistribution combined with attempts at market liberalisation, despite the failure […]
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