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Here’s what’s next

Serves me right for wondering. Via Lloyds Action Now: Lloyds Action Now (LAN) is an association set up by shareholders for shareholders to recover our investment losses as a result of the disastrous merger of Lloyds TSB Bank with HBOS. We now know Lloyds directors and advisors, the Government, the Financial Services Authority and the Bank of England (and advisors) were fully aware of the effective bankruptcy of HBOS before the merger but nevertheless promoted it and that the Treasury […]

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Rothbard, The Ethics of Liberty

The Ethics of Liberty by Murray Rothbard is a difficult book to which few could subscribe in full. It is difficult partly because it is concerned only with ‘that subset of the natural law that develops the concept of natural rights, and that deals with the proper sphere of “politics,” i.e., with violence and non-violence as modes of interpersonal relations.’ The book is not concerned with the ethics of personal morality, simply ‘a political philosophy of liberty’. In confining itself […]

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Bastiat – The State

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This post originally appeared at The Cobden Centre. In the course of things, I had cause to quote Bastiat, a French classical liberal theorist, political economist, and member of the French assembly: “The state is the great fiction by which everyone seeks to live at the expense of everyone else.” This prompted me to dig out the original essay. As the UK’s national debt doubles and after a period within which QE was used, creating space in the market for […]

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