Tag Archive for Economy

Our long term economic madness

In May the Conservative Party portrayed the election as a choice between Tory competence and Labour chaos. Labour’s spending and borrowing compared to the Conservative “long term economic plan”. The electorate made their choice and the current government received a mandate to cut the budget deficit and fix the economy. Britain is now purportedly on…

The Common Agricultural Policy – a costly protectionist racket

‘The Common Agricultural Policy forces consumers to pay ‘two or three times more for food than we would pay without the policy’ – Dalia Grybauskaite, EU budget commissioner  “The way to build lasting economic growth [in Africa] is for Europe to end the CAP“ -Sir Digby Jones, former Chairman, CBI. The Common Agricultural Policy is…

Huzzah for the voluntary sector!

Hurrah, civil society is not dead! It warms one’s heart to know that there is still a great deal of compassion and get up and go amongst the British public. Just over six years ago an economic catastrophe of the kind not seen since the 1930’s sent us spiralling into a major recession. We are…

Red meat for the 35%

Well, that was a drab affair. There was not much energy or excitement around the Labour conference and this year Miliband was not able to find the same spark as he had in previous speeches; those that led to a resurgence of spirit in the Labour ranks and surprised the public, the punditry and the…

Piracy and Profit, Adapt or Die

Is it time for “information based” industries to consider innovative adaptation, rather than legislation and prosecution, as a means of dealing with the hydra-headed beast of online piracy? The U.S. Supreme Court recently refused to hear a file-sharing case involving a $675,000 verdict against Joel Tennenbaum. While a college student, Tennenbaum illegally downloaded thirty songs…

2020 Tax Commission Report

The 2020 Tax Commission has published it’s report. The Tax Payer’s Alliance, who contributed to the report said: The Commission is calling for radical but realistic reform of our tax system which we believe is vital to kick start growth in the face of economic stagnation. The plans are ambitious but could be implemented by…

The Ayn Rand Lecture: The Long-term Consequences of the Financial Crisis

The ASI’s Ayn Rand Lecture will be presented by John Allison and will examine the “Long-term Consequences of the Financial Crisis”: John Allison held [his position at BB&T] during the height of the financial crisis and his banking principles are largely seen as the reason behind his bank’s relative success during the financial crisis. Therefore…

Conceptual accuracy will not persuade ostriches

Libertarianism is a set of accurate political ideas, and objectivism a set of compatible accurate philosophical ones. Like many I was drawn to both by the fact that they made sense and were consistent. Arguments for libertarianism, and austrian economics in particular, would use day to day examples of individual human decisions that I could…