Taxation is collected under the threat of punishment such as fines, asset seizure, or imprisonment, making it non-consensual.

One of those differences between political, bureaucratic, action and markets. In a market environment the Dodd Frank rules on conflict minerals would be dead and buried now.

My colleague, Dr Eamonn Butler, will not like this proposal at all because he has expressed the view that Bank holidays are an anachronism that should be abolished, although he did once grudgingly tell the ASI staff that they could take Christmas morning off.

The only correct answer to that question is that we’re all as rich as Croesus.

One idea to improve UK national healthcare has been the proposal to give everyone an NHS debit card they could use to access private treatment if the NHS delay in treating them were deemed unacceptably long.

Back in the mists of time the British Government hired Sir Nick, now Lord, Stern to produce a great big 1,200 page report on climate change.

This post risks an ungracious tone, a few days after learning that Trump’s first trade deal is with the UK.

A little example of what near everyone gets wrong about trade.

We’ve spent most of the last century with the people of this country stating they’d like to live in houses with a nice front and back garden - and the planners, the authorities, insisting that they’re going to build flats, apartments, for everyone.

Covering car parks with solar panels. Well, OK. From direct observation it is possible to note this is much more common in Iberia than the UK.

The recent mauling the Conservative Party candidates took in the local elections has been attributed by different commentators to different things.

On 8 May 1899, in Vienna, Friedrich Hayek was born. He would become the dominant intellectual influence of the later twentieth century and is still influential in economic and political theory today.