Latest posts
  • A year of delivery

    The Prime Minister had declared 2019 “the year of delivery”. Voters will eventually judge the government on whether it has succeeded. At the Initiative, we had our own year of delivery. [...]
  • The greening of the ECB

    Lagarde is about to set a dangerous example for an activist, winner-picking central bank. It is a precedent for the ECB itself – and for other central banks wishing to follow the ECB’s transformation. [...]
  • Enjoy capitalism’s blessings

    In a world in which it has become fashionable to blame markets and call for the government to fix problems, we should not let such empty rhetoric pass. [...]
  • A right to sustainable litigation

    To be clear, protecting the environment is a laudable goal. But while a certain degree of naïveté may be endearing in young people, it is embarrassing for a profession that likes to call itself “learned”. [...]
  • Trapped in a low-interest environment

    The reason for the Germans’ current Weltuntergangsstimmung (apocalyptic mood) is economic. A new book promising “The biggest crash of all time” before 2023 tops’s bestseller list. And now the Bundesbank, the country’s central bank, has joined the choir of doomsday merchants with its annual Financial Stability Report. [...]
  • Out of puff


    If you have never heard of a “carbolic smoke ball”, you are obviously not a lawyer. The 1892 British case Carlill v Carbolic Smoke Ball Company is a classic in the law of contract. After a new decision by New Zealand’s Advertising Standards Authority (ASA), we should reconsider it. [...]
  • I am celebrating the anniversary of the Fall of the Berlin Wall. Even though it is unnerving to realise that the 30 years that have passed have turned me into a political dinosaur at 44. [...]
  • It is not enough to just say you care about the climate. We want to see effective and efficient measures to cut emissions. The Zero Carbon legislation does not deliver them. [...]
  • To prevent the rise of polarisation, politicians must listen to people who think unlike themselves. [...]
  • Mario Draghi might be remembered as the central banker who defended the euro while planting the seeds of its eventual destruction. [...]
  • As Karl Marx taught us, history repeats itself first as tragedy and then as farce. With Brexit we are long past these two separate stages. [...]
  • While Brexit dominates the news, another country could become an even bigger headache for Brussels over the coming years. [...]
  • When future historians look back at our world today, they will regard it as the end of an era. Over the space of just a few years, the fundamentals of our political and economic order have all changed. [...]
  • Waking up to woke


    We need to ask for facts when the other side only offers emotions. If we do not do that, we will end up with speech codes resembling those of totalitarian regimes. [...]
  • Clinical research has found that a doctor’s reassurance promotes health outcomes and healing. With central banks, it is the same. [...]

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