Recently, the United Kingdom signed two “free trade deals” with India and the United States. Adam Smith and David Ricardo would justifiably take issue with the label of free trade because these deals have not established what the term refers to in the classical liberal framework. Instead, these deals have lowered tariffs significantly on certain goods and services but not to zero barriers. The Labour Party is parading these agreements as a huge win, a victory amidst all the negativity. But in doing so, they expose their inconsistency on economic matters. The trade deals cut tariffs on goods...

The International Monetary Fund (IMF) has provided yet another weapon for the socialists to wield in their war against free markets. The IMF published a report with the suggestion that the Baby Boomer generation could work into their 70s to save the economy: “70 is the new 50." The IMF is not immune to political pressure, hence why it has chosen a solution that delays the unavoidable problems associated with state pension provision. This provides fertile ground for the socialists who seek to berate free markets and expand popular support for their political system. Socialist commentators...

The newly born Reform Party UK, with its freshmen five members of Parliament, recently attempted to introduce a bill that would prohibit quantitative easing (QE) except for emergency situations. This was done through a procedure the British parliamentary system calls a Ten-Minute Rule bill. Essentially, a member of parliament (MP) seeks permission to introduce a bill by making the case for it for only ten minutes and then another MP speaks against it for ten minutes. Rupert Lowe, the Reform MP who introduced the bill, was made the center of attention by making a parliamentary misstep at the...