ASI expectations for the Autumn Statement feature in City AM

The Adam Smith Institute has featured in City AM for our comments on the upcoming Autumn Statement, and what we hope will happen vs what we expect will happen.

The IEA isn’t alone. The Adam Smith Institute (ASI) wants working tax credit cuts reversed, or at least “mitigated significantly”. It’s the money it saves isn’t “terribly substantial, in the grand scheme of things”, and he’d be better off reforming tax credits and the Universal Credit itself to make it much simpler overall – along the lines of the negative income tax.


Read the full article here.

Sam Bowman writes for the IBTimes on why Brits are wrong about the US gun debate

Deputy Director of the ASI, Sam Bowman, has written for the International Business Times on why Britain is wrong about the gun debate in America. He argues the fundamental issues are much less straight forward than most of us assume.

The debate in America is far from where most Britons think it should be – it is simply not realistic, practically or politically, to expect that guns can be banned any time soon, and so the debate in America is over much more fine questions: how long should you have to wait between buying a gun and receiving it? What sort of background checks should would-be gun owners have to go through? Are concealed carry laws a boon to criminals or to their potential victims? What is the right balance between the freedom to own a gun and the freedom not to be threatened with one? These are questions to which there are no easy answers.


Read the full article here.

The Sunday Times covers the ASI’s Ayn Rand Lecture

The Adam Smith Institute’s 2015 Ayn Rand lecture featured in The Sunday Times:

Ken Moelis, veteran investment banker and founder of the eponymous advisory boutique, delivered the Adam Smith Institute’s annual Ayn Rand lecture. Moelis, 57, opened his speech on the state of finance with a paean to the libertarian author and her most famous book, Atlas Shrugged.

“I’ve read it four different times,” he boasted: at 17, 25, 47, and in his fifties after he started Moelis & Co. The most recent time he decided to dog-ear each interesting page. “The whole book was dog-eared,” Moelis said. Trust an investment banker to tell his audience what they want to hear.

Kate Andrews and Ken Clarke battle it out over tax credits and the welfare state in Prospect magazine

Kate Andrews, Head of Communications at the Adam Smith Institute, took part in a debate piece with Ken Clarke for Prospect magazine. In it, they both agree the welfare system is in need of reform , but should the tax credit cuts be rethought too? Kate Argues YES:

It’s easy to understand why people might be conflicted about tax credits. On the one hand, tax credits are a direct handout from the state, often given to those only working part-time. On the other, they incentivise work and benefit those at the bottom on relatively low pay.

Combine this internal conflict with the UK’s welfare structure as a whole, and it would seem necessary for the government to implement some kind of reform to the various systems, tax credits included.

But the Chancellor is only interested in cuts, not reform.

Read the full article here. 

Are Western societies too tolerant of intolerance? | Sam Bowman argues YES in City AM

Deputy Director of the ASI, Sam Bowman, argued in City AM that in the wake of the recent Paris attacks, Western societies should do more to stand up to terrorism:

Western civilisation is built on the principle of adversarial debate, and the more political correctness stops us from mocking the unmockable and saying the unsayable, the less strong that civilisation will become.

Like bullies, terrorists can only win when they can frighten people into submission.

Read the full article here.