Losing the loser’s game
“The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a…
The tulip harvest is in!
“When the cover of a major financial magazine features a cartoon of a bull leaping through the air on a pogo stick, it’s probably…
Still stuck in the Middle Ages
“We have Stone Age emotions. We have medieval institutions.. And we have god-like technology.” – Edward O. Wilson. The BBC reported last week that…
Spoiler warning
Following Tim’s lead at The price of everything, we’re republishing this article from November 2011 … “I am certain that my fellow Americans expect that…
Hunting witches
“To the socialists of all parties (to whom F.A. Hayek dedicated ‘The Road to Serfdom’), ‘The Constitution of Liberty’ is anathema. Hayek, they believe,…
Weird scenes inside the gold mine
“The modern Keynesian state is broke, paralysed and mired in empty ritual incantations about stimulating ‘demand’, even as it fosters a mutant crony capitalism…
A Greek tragedy
“In money management what sells is illusion of certainty. The truth (i.e. we don’t know much) is a more difficult sale, but a better…
Ask Vince Cable
Dear Vince Cable, I am CEO of an Anglo-Saxon business combine that has sadly always missed its forecasts. We operate across multiple sectors, notably…
Them was rotten days
Sir, Robert Skidelsky and Marcus Miller (Letters, February 27) consider that the Nobel Prize winner Friedrich Hayek offered a “counsel of despair” in the…
End of empire
“He was a portly, middle-aged figure in an ill-fitted suit, scuffed black shoes, and the sort of sagging thin black socks I came to…