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Two speeches on sound money, the morality of taxation and the cruel fiction of state power


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I spoke yesterday to the European Young Conservatives on the origins of the crisis in excess state power, deficit spending, debt and debasement. Here are the slides: And this morning, I spoke on the morality of taxation alongside Syed Kamall MEP, Cllr J P Floru and Matthew Elliott of the TaxPayers’ Alliance. My remarks are here: PDF. My central message was the same on both occasions: if we really care about human welfare, especially the welfare of the poor, we need to […]

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More unexpected borrowing?


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Yesterday, we learned “public sector net borrowing was £0.6 billion in July 2012; this is £3.4 billion higher net borrowing than in July 2011, when net borrowing was -£2.8 billion (a repayment)”. Compared to say May, when we borrowed £17.9 billion, £600 million seems relatively modest. It’s still the gross annual earnings at the national average wage of over 23,000 people. Apparently, it was a surprise to economists (again). They expected the usual July surplus. As far as I recall, […]

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Book review: C S Lewis, The Four Loves


C S Lewis is one of my favourite authors and not just for the reserved brilliance of Mere Christianity. In contrast to his strictly Christian writing, The Abolition of Man is essentially a work of political philosophy, a critique of those ideas which seek to escape the body of natural law which has served every successful human civilisation. The Four Loves is somewhere in between. From the back cover, Millions of words have been written on the true nature of love, […]

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The awful unspoken truth about QE


Via Conservative Home’s blog The Deep End, an interesting question about QE: If the Government is just going to print money, why can’t we have some? Of course, if you started to give the cash directly to the people, then they might finally understand that our entire economic system runs on funny money. And who knows what would happen then? Henry Ford is supposed to have answered their question: It is well enough that people of the nation do not understand […]

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William Hague: “There’s only one growth strategy: work hard,” but hard work needs honest money.


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In today’s Telegraph, William Hague tells the Government’s business critics to stop complaining and work hard to deliver jobs. However, Mr Hague forgets that a day’s hard work is rewarded with a day’s pay: if that pay is in a money which someone else is producing at near zero cost, the value of hard work is undermined. People who are slogging their guts out to make ends meet in an environment of rising living costs are bound to take the Telegraph’s reporting of […]

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