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Cutting Red Tape: the Government’s Progress


The Government claim progress on cutting red tape for businesses. They have provided the ticker, right, which gives a running update of the red tape scrapped. Under the previous Government, the equivalent of six new regulations every working day were passed, or over 1,500 in a year. In 2011, the Government cut that flow to 89 measures of which just 19 imposed any cost to business. In addition the Government have: Capped the cost of new regulations, through the One […]

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This is a crisis of state intervention


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In the past few posts, I reproduced the economist Ludwig von Mises’ 1949 explanation of “the crisis of interventionism”, which insisted that the “third way” is a system of economic organisation which cannot last. We must choose between either state socialism or a free society. State socialism would be chaos but “Nothing suggests the belief that progress toward more satisfactory conditions is inevitable or a relapse into very unsatisfactory conditions impossible.” Many seem to believe we are in a crisis of […]

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The Crisis of Interventionism, part 3: The End 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 End of Interventionism, including the “third way”: The interventionist interlude must come to an end because interventionism cannot lead to a permanent system of social organization. The reasons are threefold. First: Restrictive measures […]

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The Crisis of Interventionism, part 2: The Exhaustion of the Reserve Fund


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 Reserve Fund: The idea underlying all interventionist policies is that the higher income and wealth of the more affluent part of the population is a fund which can be freely […]

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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 Interventionism: The interventionist policies as practiced for many decades by all governments of the capitalistic West have brought about all those effects which the economists predicted. There are wars and […]

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