This post originally appeared on cobdencentre.org. Razeen Sally’s Trade Policy, New Century (PDF) succeeds magnificently in explaining the 21st-century case for free trade and, specifically, unilateral trade liberalisation to the interested, non-specialist reader. From the IEA home page of the book: The World Trade Organization (WTO) is failing to deliver […]
Read MorePost Tagged with: "Prosperity"
Can the Manipulation of Interest Rates Create Wealth? » The Cobden Centre
An article by my Cobden Centre colleague, Toby Baxendale, exploring whether manipulating the interest rate can create real wealth: You often hear politicians and economic commentators say that we must have low interest rates to make sure the price of money is as low as possible to allow people to […]
Read MoreTesting Times for Central Banks — Baxendale and Evans
Yesterday, I had lunch with two of the UK’s leading Austrian-school economists, Toby Baxendale and Anthony J. Evans, the authors of the IEA article “Testing Times for Central Banks — Is there room for Austrian ideas at the top table?” The article is a fascinating read, explaining how Austrian economic […]
Read MoreBureaucracy
Bureaucracy: from Stalin and Trotsky to David Cameron, we all know we loathe it. What is it? In “Bureaucracy”, Ludwig von Mises explains: Bureaucratic management is management bound to comply with detailed rules and regulations fixed by the authority of a superior body. The task of the bureaucrat is to […]
Read More
