@LeeHurstComic To stop his allies, in that task, having their oil exports being taxed and enriching the Iranian regime. The main task, however, is done. Not to hard to work out.
@afneil The biggest factor in the interest rate differentials between the UK and other similar economies is the planning laws/the tendancy of UK property prices to be inflationary dues to lack of supply. It isn't new.
@nayibbukele No. Increases in productivity and any excess supply of labor are countered by falls in the price of money and costs of employment , stimulating both more demand and investment. The free market works if you let it.
That is not totally accurate either. He defended monarchy in the context Austria, saying that it was more libertarian than the democracy that superseded it. For him this was the result of the democratic authorities being seen as more legitimate in there decision making and therefore they make more laws than a monarch that thinks his laws are more likely to be disobeyed.
The US has been extremely lucky to have a written constitution, idealogically commited to key aspects of libertarianism.