Tag: free markets

John Gray. Courtesy of Wikimedia Commons.

3,239 words

I once wrote a book about terrible economic ideas. Ironically, it made no money.

Called False Economies, if I was writing it today, I would have definitely included a chapter on a former long-term adviser to the Bank of England (BoE) called Helen McCaw, who enjoys something of a sideline as a UFO enthusiast. Well, so do I. The difference is that, merging her two fields of expertise into one overarching whole, McCaw has just released some rather strange policy proposals advising the BoE to comprehensively remodel its entire economic model to be able to cope should aliens ever land in London, thereby badly devaluing the value of the British pound. (more…)

7,658 words

Part I here, Part II here, Part III here, Part IV here, Part V here, Part VI here, Part VII.1 here, Part VII.2 here, Part VIII here

A successful nationalist movement cannot be guided by free-market orthodoxy. For over two centuries the principles of free market economics played a crucial role in Western countries. (more…)

915 words

India, Nigeria, and Ghana are some developing countries known for the exploits of enterprising citizens. Due to the achievements of the smart fraction in poor countries, onlookers are puzzled by their relative poverty. Such an assessment is misguided, because the national IQ is more important than the intelligence of outliers. (more…)