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What is fascism?

The word “fascism” is often used – and mis-used – to describe politicians and policies which are perceived to be somehow aligned with totalitarian [...]

Did central banks create inflation? 

Inflation, said the Nobel price winning economist Milton Friedman, is always and everywhere a monetary phenomenon. Put simply, what he meant is that the price [...]

The collapse of SVB and the problem with contemporary capitalism

When the Silicon Valley Bank collapsed on March 10 2023, it was not a household name. The bank, largely focussed on venture capital firms and tech startups, [...]

Mao and the Cultural Revolution

Few people in history have been as influential as Karl Marx. His ideas would shape a century, but the man himself would not live to see it, because it was [...]

Is there a “social contract”?

We often hear the argument that a “social contract” obliges us to behave in a particular way, because we are bound in a mutually dependent relationship [...]

Trapped in a disaster of our own making 

The Western world is trapped. A perfectly foreseeable disaster is unfolding as years of irresponsible and unsustainable policies catch up with our [...]

Is the British economy at the brink of collapse?

Britain is finding itself in a bit of financial turmoil. In the wake of the new Conservative government’s mini budget a few weeks ago, the international [...]

What happened in the wake of the Mini Budget? 

Liz Truss came off to the worst possible start as Prime Minister. First, she became the last person to shake the hand of the late Queen Elisabeth and, after [...]

Markets missed inflation, Austrian economists did not 

High and persistent inflation has come as a surprise for many. The US Federal Reserve famously labelled inflation ‘transitory’ in early 2021, and for [...]

How broke is the government?

The United Kingdom’s government is broke. It is something that is almost never spoken of, but it is true, nonetheless. Our politicians spend a lot more than [...]