Internally coherent and fundamentally flawed We do not, apparently, have supply chain shortages or inflation.  That’s according to John Tamny at Forbes: “Media members, ‘experts,’ economists, and politicians don’t even disappoint anymore. To say they do would be to flatter them. “Either they think we have inflation, shortages, or a …

Speaking to the media at the Youth4Climate event last week, Greta Thunberg berated the UK for continuing to extract oil and gas from the North Sea while pretending to be green ahead of the coming COP26 conference.  Not only that, but as the originator of the industrial revolution, Britain is …

There are, in fact, no human comparisons for the effort required to reverse the global-scale damage wrought by 300 years of industrial growth.  Nevertheless, people still reach for past human endeavours to try to spur our political leaders to an action which, in truth, is far beyond them.  How many …

Although introduced to the UK by a Labour government, the National Minimum Wage is closer to the Tory approach to economic policy.  This is because it passes the costs onto someone other than the state immediately.  In this case, Britain’s employers.  Labour governments, in contrast, have generally sought the politically …

The British Tory Party has never seen a state handout that it didn’t love[1].  But in the years following the 2008 crash, the programme of tax increases and public spending costs which has left the majority of people worse off has made if far more difficult to justify measures which …

A closer look at the supposed explosion in job vacancies provides a clue to the deeper features of a crisis which is only just beginning. The first thing to note is that vacancies are far from even across the economy.

It is just a few weeks until politicians, scientists, luvvies and various officially approved activists jet into Scotland to attend the auction of false promises that is the COP26 conference.  And no doubt fearing the adverse comments that have grown in recent years about their burning more carbon in an …

The recent, spectacular increase in the price of gas has created a sense of crisis not seen outside the financial sector since the early 1980s.  In Europe in general and the UK in particular, it has begun to expose the folly of having an economy entirely dependent upon imports; including …

Elizabeth Holmes, Chairman and CEO of Theranos, is a living archetype for the modern age.  Lauded by upmarket glossy magazines and heralded as a symbol of modern feminism, Holmes was the world’s first female tech billionaire.  In the tradition of Apple’s Steve Jobs and Tesla’s Elon Musk, Holmes was a …

According to Boris Johnson, the economic dislocation which appears to be gathering pace across the UK is merely “a period of adjustment after Brexit.” In Johnson’s formulation, those who would turn the clock back are tacitly in favour of the low-pay and poor working conditions which were encouraged when the …