Protectionism, Mercantilism, and the Denial of Consumer Sovereignty.
Let us get right down to business and resume where we left off in the first instalment of this two-part series.
No subject could be more controversial to discuss in the UK more than reforming; or abolishing the NHS. The NHS has existed for over 70 years, and over that time the British people have insisted in telling themselves that, they have ‘the best healthcare system’, and that the NHS is ‘the envy of the world’.
The only problem is…none of this is even close to being true.
In the midst of the enigmas pervading the enormously important, though puzzling, study of the economy, none other causes as much perplexity as interest rates. In spite of being the ones that pop up outright in people’s minds when they think of them, in reality, there is a myriad of interest rates across different asset classes and geographies.
The UK economy has suffered a heavy hit from governments imposing lockdowns; causing many businesses to go bust, people left unemployed, productivity immobilised, and living standards at a low. It is time for a tax reform.
Economic Policy: Thoughts for Today and Tomorrow, by Ludwig von Mises was my formal introduction to the Austrian School, which led me to libertarianism. I consider this book to be one of the best introductory books for those wanting to know more about economics and politics.
Bitcoin, the very first cryptocurrency, created by an anonymous individual that goes by the name of Satoshi Nakamoto, changed our modern societies. It provided humanity with a way to free itself from increasingly growing oppressive governments. This decentralized technology started a revolution of itself.
Socialism is about ‘social justice’, or, to use better words, ‘socialist justice’. It is not about building a prosperous society or minimising conflicts amongst individuals.