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Economic booms and busts are not the natural order of things. The Austrian economic school explains how artificial credit expansion distorts the price of money, lead to malinvestment and creates the business cycle.
Martin Anderson’s 1964 book The Federal Bulldozer is a decisive, data-driven critique of public urban renewal programs in the US. It has become somewhat of a foundational text for libertarian and conservative thought.
Originally an MIT doctoral thesis, it shattered the post-war consensus on government-led "slum clearance." Using internal government records from 1949–1962, Anderson proved that the federal program demolished significantly more homes than it ever built. Instead of helping cities, it worsened housing shortages and forcibly displaced hundreds of thousands of low-income and minority residents.
Anderson also exposed that promised private investment failed to materialize, arguing that top-down bureaucratic planning was inherently inefficient. His solution? Leave city revitalization entirely to the free market.
Predictably, the book sparked massive controversy. Critics called it a partisan polemic, but Anderson’s data was undeniable. It propelled Anderson into influential roles as a policy advisor to Presidents Richard Nixon and Ronald Reagan.
The Federal Bulldozer is a damming indictment of top-down government planning. It shifted the trajectory of American city planning, providing the intellectual ammunition that helped bring an end to the federal urban renewal era in the 1970s.
Creative Deduction retweeted
The pre-pandemic rate was £8.21/hour; £13.20/hour represents a more than 60% increase in five years.
People keep saying businesses who can't pay it shouldn't employ people.
So they're not.
EXCLUSIVE
John Healey will announce plans to increase the minimum wage by nearly 4 per cent but slow the rise for young people after warnings that they are being priced out of jobs
The Times has been told that the national living wage, which applies to those aged 21 and over, is expected to rise from £12.71 to around £13.20 — an increase of 3.9 per cent
However, Healey has decided not to repeat the big rises of the past two budgets in the national minimum wage, which applies to those aged 18 to 21
It will rise broadly in line with the rate for older workers - from £10.85 to around £11.27, an increase of 3.9 per cent
It effectively spells the end of Labour’s manifesto pledge to bring the “discriminatory” minimum wage for young people into line with the living wage for older workers in this parliament
The minimum wage increased by 26 per cent between 2025 and 2026, leading to stark warnings from employers that it risked impeding efforts to get 1 million “Neets” - young people not in education, employment or training - into work.
Healey alluded to the approach in an interview with The Times last week, in which he spoke of the importance of the “trade-off between the level of the minimum wage and the employment rate”
thetimes.com/article/c9142a2…
"Give me the man, and I'll find the crime."
- Lavrentiy Pavlovich Beria (1899–1953), head of Joseph Stalin's secret police (the NKVD) from 1938 until Stalin's death in 1953.
A 3.9% increase takes a 40-hour minimum wage job to £27,456/year.
Median salary for graduates 15 months after graduating is £28,500.
From tax system to welfare and minimum wage, Britain is an economy that undermines incentives for work and the development of human capital.
Creative Deduction retweeted
Há algum outro exemplo em todo o mundo democrático em que o candidato derrotado numa eleição presidencial tenha seus passaportes apreendidos e seja proibido de sair do país no dia seguinte à votação, por ordem de um juiz alinhado ao candidato vencedor?
Estou procurando precedentes históricos e, até agora, não encontrei nenhum. A medida é ainda mais extrema considerando que Flávio sequer foi denunciado criminalmente.
Flávio é intimado pela PF para entregar passaporte oglobo.globo.com/politica/el…
Creative Deduction retweeted
Politicians who think they can uproot a civilisation, erase its traditions and expect its people to simply adapt are making a grave mistake.
This was one of Martin Heidegger's deepest insights: human existence is never abstract or free-floating. We are not detached minds that can be rearranged at will. We are always already situated - absorbed in practical activities and thrown into a particular cultural and historical world that shapes what we are able to see, value and become.
This view stands in direct conflict with one of the most influential assumptions of modern progressive thought: that human nature is highly malleable. Marxism rests on the belief that changing the economic structure will transform human beings themselves, producing a new kind of person free from the limitations of previous history. Much of modern liberalism and multiculturalism shares a softer version of the same idea - that individuals and communities can be detached from deep historical particularity and recombined into new forms without serious loss. Culture becomes a set of optional costumes rather than a constitutive inheritance.
Heidegger’s philosophy suggests this is a profound misunderstanding. We are constituted by the traditions, practices and languages we inherit, and we cannot simply reinvent ourselves according to political design. Attempts to treat human beings as infinitely plastic often produce alienation rather than liberation. Technological and social “progress” that uproots people from meaningful forms of life can leave them disoriented, even when material conditions improve. The same logic applies to radical multiculturalism. If human beings are deeply shaped by specific historical cultures, then a society that treats all cultural frameworks as interchangeable risks dissolving the shared background of meaning required for a coherent common life.
Heidegger does not offer a political programme. But he challenges the modern confidence that human nature can be endlessly reshaped. Rootedness is not an obstacle to freedom. It is one of the conditions that makes a recognisably human existence possible at all.
Creative Deduction retweeted
Push for reparations and then moan about racism. Such tedious showboating, and we’re all bored of it. It’s been done to death.
You’re a British MP. Act like it.
I've received waves of racism & abuse since my #BHM speech.
A Shadow Minister referred to my "mates overseas" and told me I should "do one"
Who exactly are my mates overseas? 🤔
Today I called out his racially-charged comment. Grateful for Speaker's response 👇🏾
Creative Deduction retweeted
In free nations, we investigate crimes to see who is guilty of them.
In communist tyrannies, they investigate men to see what they can be punished for.
Creative Deduction retweeted
If, by the way, the same situation that just happened in Brazil had happened but with the parties switched -- if Bolsonaro had won last night's election and then a pro-Bolsonaro judge sent the Federal Police to seize Lula's passport and bar him from leaving the country -- every major western media outlet and liberal NGOs would be screaming about the authoritarian attack on Brazil's elections and the destruction of basic freedoms.
Creative Deduction retweeted
This is why @YoungBobRB was arrested... for explaining that the word Paki is an abbreviation.
It should not be illegal to say Paki, same way calling someone a "brit" is not illegal.
Words should not be crimes. Full stop.
Creative Deduction retweeted
Thomas Moffitt, a conservative activist, was reportedly arrested in the UK for saying "Paki" instead of "Pakistani"
No, this isn't a joke.
The UK has no free speech.
If Democrats win, this is what the U.S. will look like
Politicians who think they can uproot a civilisation, erase its traditions and expect its people to simply adapt are making a grave mistake.
This was one of Martin Heidegger's deepest insights: human existence is never abstract or free-floating. We are not detached minds that can be rearranged at will. We are always already situated - absorbed in practical activities and thrown into a particular cultural and historical world that shapes what we are able to see, value and become.
This view stands in direct conflict with one of the most influential assumptions of modern progressive thought: that human nature is highly malleable. Marxism rests on the belief that changing the economic structure will transform human beings themselves, producing a new kind of person free from the limitations of previous history. Much of modern liberalism and multiculturalism shares a softer version of the same idea - that individuals and communities can be detached from deep historical particularity and recombined into new forms without serious loss. Culture becomes a set of optional costumes rather than a constitutive inheritance.
Heidegger’s philosophy suggests this is a profound misunderstanding. We are constituted by the traditions, practices and languages we inherit, and we cannot simply reinvent ourselves according to political design. Attempts to treat human beings as infinitely plastic often produce alienation rather than liberation. Technological and social “progress” that uproots people from meaningful forms of life can leave them disoriented, even when material conditions improve. The same logic applies to radical multiculturalism. If human beings are deeply shaped by specific historical cultures, then a society that treats all cultural frameworks as interchangeable risks dissolving the shared background of meaning required for a coherent common life.
Heidegger does not offer a political programme. But he challenges the modern confidence that human nature can be endlessly reshaped. Rootedness is not an obstacle to freedom. It is one of the conditions that makes a recognisably human existence possible at all.
Creative Deduction retweeted
“In order to make people equal, you have to treat them differently. If you treat people alike, the result is necessarily inequality.”
— F. A. Hayek
Creative Deduction retweeted
Nobody planned the modern world. Millions of people built it by pursuing their own interests.
When individuals are left free to pursue their own aims - to invent, to trade, to save, to experiment, and to risk failure - they generate progress that no central authority can plan or predict. The steam engine, modern medicine, the smartphone, and the astonishing abundance of food in ordinary shops did not appear because a committee decided they should exist. They arose as the unintended consequence of millions of people chasing their own ambitions, responding to prices, and cooperating voluntarily through markets.
This is the spontaneous order that F.A. Hayek described: a vast, decentralised process of discovery far more intelligent than any top-down design. Knowledge is scattered among countless individuals. Only when they are free to act on what they know does that knowledge become useful to society as a whole.
Collectivist systems reverse this logic. By subordinating the individual to an abstract “greater good”, they suppress the very source of innovation and progress. Personal initiative is penalised or replaced by official direction. Creativity slows. Living standards stagnate. The historical record is consistent: wherever the individual is reduced to a servant of the collective, progress withers.
The secret to human progress is that nobody needs to be in charge of it. The greatest advances in human welfare have come not from forcing people to serve collective goals, but from protecting the right of each person to live for their own purposes. A society that defends individualism does not become fragmented. It becomes prosperous, inventive, and free.
Underneath the friendly (but sinister) tone, calling taxpayers “customers”, this letter aptly demonstrates how the British government views success with suspicion and outright hostility.
Creative Deduction retweeted
I’ve written many times about how the soft left on Labour’s backbenches are ‘economic illiterates’. This is proof positive. Beyond redemption in its misunderstanding of markets, supply, demand, taxes.
Nope, that’s not how taxes and price works. The price is determined by demand and supply.
Companies charge the highest price they can given demand. A tax levied on *profits* does not affect a company’s cost ie supply.
Taxes on *windfall* profits (like oil and gas) are the most efficient kind of tax there is.
Readers added context they thought people might want to know
Corporate profit taxes do not directly shift marginal costs but empirical studies show partial pass-through into higher consumer prices. Windfall taxes on oil and gas have deterred investment and production in practice despite theoretical efficiency on rents.
dadun.unav.edu/server/api/cor…
ecb.europa.eu/pub/pdf/scpwps…
taxfoundation.org/blog/big-oil-p…
scottishfinancialreview.com/2025/09/03/win…
Creative Deduction retweeted
British Government energy decisions are now sensitive content. Minors must prove their age to read about them.
"Age verification" is a reckless system that censors large swathes of the internet.






























