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Action Academy | Replace The Job You Hate With A Life You Love

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How To Replace A $100,000+ Salary Within 6 MONTHS Through Buying A Small Business w/ Alex Kamenca & Carley Mitus 57:50

52 weeks sitten57:50

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57:50

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IEA Podcast

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The Institute of Economic Affairs podcast examines some of the pressing issues of our time. Featuring some of the top minds in Westminster and beyond, the IEA podcast brings you weekly commentary, analysis, and debates.
insider.iea.org.uk

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#News #Public Policy #Podcasting Education #Institute Of Economic Affairs

IEA Podcast

34 subscribers

updated 2 päivää sitten

Jaa

Sarjan koti•Feed

260 jaksoa

#News #Public Policy #Podcasting Education #Institute Of Economic Affairs

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IEA Podcast

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Why Millionaires Are Fleeing the UK & Do Women Have Better Sex Under Socialism? IEA Podcast 41:31

2 päivää sitten41:31

41:31

In this episode of the IEA Podcast, Reem Ibrahim, Communications Manager at the Institute for Economic Affairs, is joined by Matthew Lesh, Public Policy Fellow and Country Manager of Freshwater Strategy, and Dr. Kristian Niemietz, the IEA's Editorial Director. They discuss the IMF's recent economic forecasts showing UK growth downgraded to 1.1%, examining how domestic factors like increased bills and labor market regulations have contributed to this outlook alongside global concerns about Trump's tariffs. The conversation then turns to millionaires leaving the UK, with around 10,000 high-net-worth individuals having departed last year following changes to the non-dom tax regime. The panel explores how tax policies impact behaviour, with wealthy individuals increasingly relocating to more tax-friendly jurisdictions, and discusses the potential consequences for UK tax revenue and investment when top earners leave the country. Finally, the trio examines Dr. Niemietz's latest read, "Why Women Have Better Sex Under Socialism," critically analysing the book's claims that socialist systems provide women with greater economic independence and better intimate relationships. The panelists challenge the book's methodology and underlying assumptions, arguing that capitalism actually provides women with more financial freedom and independence than socialist systems. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit insider.iea.org.uk/subscribe…

IEA Podcast

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The Corporate Playbook Debunked | Dr. Christopher Snowdon | IEA Briefing 15:12

3 päivää sitten15:12

15:12

In this new IEA briefing, Reem Ibrahim, Communications Manager and Linda Whetstone Scholar at the IEA, sits down with Dr. Christopher Snowdon, Head of Lifestyle Economics. Dr. Snowdon discusses his recently published IEA Discussion Paper "The Corporate Playbook," which critically examines how public health academics characterise industry tactics. Dr. Snowdon argues that what public health activists label as the "corporate playbook" or "tobacco playbook" actually consists of ordinary political activities used by all policy stakeholders - including the public health community itself. These common tactics include media engagement, commissioning research, lobbying, holding public events, and critiquing opposing evidence. He demonstrates that public health advocates employ identical methods while using pejorative language to delegitimise the same activities when performed by industries they oppose. The conversation highlights the irony that while public health activists accuse various industries of following a "tobacco playbook," they themselves follow an "anti-tobacco blueprint" - systematically applying the same incremental regulatory approach to new sectors like food and alcohol that was previously used for tobacco. Dr. Snowdon notes that this represents both projection and a continuation of the mission creep and slippery slope that public health advocates previously denied would occur. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit insider.iea.org.uk/subscribe…

IEA Podcast

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What the Media Gets WRONG About Islam and Democracy | Mustafa Akyol | IEA Interviews 34:32

4 päivää sitten34:32

34:32

Join Communications Manager Reem Ibrahim from the Institute of Economic Affairs as she interviews Mustafa Akyol, senior fellow at the Centre for Global Liberty and Prosperity at the Cato Institute. In this thought-provoking conversation, Akyol, author of "Islam Without Extremes: A Muslim Case for Liberty," "Why, As a Muslim, I Defend Liberty," and "The Islamic Mesa," discusses the crucial distinction between Islam as a faith and political Islamism as an ideology. Throughout the interview, Akyol provides profound insights into the compatibility between classical liberalism and Islamic principles, tracing how concepts of free markets, limited government, and religious freedom have historical roots in Islamic tradition. He explores how liberal democratic states, rather than so-called "Islamic states," often provide better environments for Muslims to practice their faith according to their beliefs, citing examples from various countries and historical periods. The conversation addresses important questions about social cohesion in Western societies, challenging both far-right anti-Muslim sentiment and illiberal Islamist ideologies. Akyol offers valuable perspective on how preserving liberal democratic principles benefits both Muslim communities and Western societies, emphasizing that plurality, free exchange, and religious freedom represent timeless values that allow diverse communities to flourish together. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit insider.iea.org.uk/subscribe…

IEA Podcast

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The Future of British Conservatism & UK Politics | Simon Heffer | IEA Briefing 21:45

6 päivää sitten21:45

21:45

Join Reem Ibrahim, Communications Director at the Institute of Economic Affairs, for a conversation with Simon Heffer, Telegraph columnist and Professor of Modern British History at the University of Buckingham. In this briefing, they discuss the current state of British conservatism, the challenges of public sector unions and bureaucracy, and their perspectives on Donald Trump's tariff policies and potential implications for the UK. Heffer shares his views on how conservatism has lost its philosophical roots during the 2010-2024 Conservative governments and what Kemi Badenoch might bring as party leader. He draws parallels between the current economic situation and the 1970s, particularly regarding trade unions and public spending, suggesting that a future Conservative government would need to conduct an audit of public sector jobs to reduce bureaucracy. The discussion also covers the potential future direction of the Conservative Party, with Heffer predicting that Badenoch will likely adopt a Thatcherite approach focusing on smaller government and lower taxation. Heffer also recalls his memorable first meeting with Friedrich Hayek at the IEA in 1981, providing a personal connection to the think tank's intellectual foundations. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit insider.iea.org.uk/subscribe…

IEA Podcast

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The Cost of Economic Nationalism & Political Realignment | IEA Podcast 26:39

9 päivää sitten26:39

26:39

In this episode of the Institute of Economic Affairs podcast, host Callum Price, Director of Communications, speaks with Stephen Davies, Senior Education Fellow, and returning guest Dr. Kristian Niemietz, the IEA's Editorial Director. The conversation explores Donald Trump's tariff policies, the decline of globalisation, and political realignment theory. Stephen Davies argues that the Prime Minister's claim that "globalisation is dead" may be accurate, especially considering the MAGA movement's push for economic nationalism. The discussion examines how globalisation's benefits have been unevenly distributed, creating economic and cultural disquiet in former industrial regions while metropolitan areas thrived. Davies highlights the tension within the MAGA coalition between Trump's trade advisers and tech figures like Elon Musk, noting that Wall Street and the financial sector are viewed as enemies by many Trump voters. Niemietz offers a more optimistic perspective, suggesting that Trump's trade policies might be temporary rather than signalling the permanent end of globalisation. The conversation concludes by exploring potential futures for American politics and global trade. Davies expresses concern about geopolitical competition with China moving beyond trade wars, while Niemietz suggests that a post-Trump Republican Party might take a more agnostic approach to trade policy. The panelists note that classical liberal economic ideas are finding unexpected allies as previously anti-free-trade voices suddenly discover the downsides of protectionist policies when implemented by Trump. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit insider.iea.org.uk/subscribe…

IEA Podcast

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The Carbon Market Time Bomb | Free the Power 27:07

11 päivää sitten27:07

27:07

Join us for the second episode of "Free the Power," the IEA series exploring market-based solutions to the UK's energy challenges. Host Andy Mayer sits down with Nicholas Leighton-Hall, Energy Consultant and Author of The Marginal Cost of Everything SubStack, to examine the UK's problematic emissions trading scheme. In this revealing discussion, Leighton-Hall exposes how the UK's post-Brexit carbon market has created a "structural fragility" for British industry. He explains how financial institutions with "deep pockets" can corner this artificially constrained market, potentially driving carbon prices to £100 per tonne and adding £50 per megawatt hour to electricity costs. Leighton-Hall warns this system is making UK energy "prohibitively expensive" while failing to achieve efficient decarbonization. This is the second instalment of our series examining energy policies through a free market lens. Subscribe to catch future episodes featuring leading thinkers who challenge conventional wisdom on market interventions, government price controls, and sustainable energy economics. Can the UK fix its broken carbon market, or will political manipulation of energy markets lead to economic disaster? This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit insider.iea.org.uk/subscribe…

IEA Podcast

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Who Will Pay More Tax? IFS Paul Johnson | IEA Interview 45:18

13 päivää sitten45:18

45:18

In this interview, former Institute for Fiscal Studies Director Paul Johnson joins IEA Executive Director Tom Clougherty to discuss the major fiscal policy trends in Britain over Johnson's 14-year tenure. Johnson offers a comprehensive analysis of how the UK tax system has evolved under Conservative governments, highlighting the surprising increase in tax progressivity and the record-high tax burden as a percentage of national income, which has risen from around 33-34% historically to 38% today. The discussion explores challenging fiscal realities facing the UK, including rising public debt, increasing demands on public services, and the impact of recent global economic shocks. Johnson provides thoughtful commentary on the structural issues within the UK tax system, including problematic thresholds, the "impoverishment" of high earners, and what he calls the "tyranny of the status quo" that prevents meaningful reform despite broad expert consensus on what changes are needed. As he prepares to step down from the IFS this summer, Johnson shares his perspective on growth-enhancing reforms, the significant constraints on public spending reduction, and his assessment of the current government's rhetoric versus action on economic policy. Drawing on insights from his book "Follow the Money," Johnson offers viewers a balanced and informed examination of Britain's fiscal challenges and potential paths forward in an increasingly uncertain global economic environment. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit insider.iea.org.uk/subscribe…

IEA Podcast

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Trump vs Markets: The Financial Crisis & His Tariff Retreat | IEA Podcast 34:35

16 päivää sitten34:35

34:35

In this episode of the IEA podcast, host Callum Price, Director of Communications, is joined by Tom Clougherty, Executive Director, and Dr. Kristian Niemietz, Editorial Director, to discuss recent economic developments. The conversation begins with an analysis of President Trump's tariff policies, including his recent 90-day pause on certain tariff increases beyond the 10% base rate. They then examine Westminster City Council's controversial proposal to seize properties left empty for over six months, and finally discuss the economic implications of the newly approved Universal theme park in Bedford, debating whether it should be required to use exclusively British steel. The discussion delves into the unpredictable nature of Trump's trade approach, exploring whether it represents a coherent economic nationalist vision or a more capricious policy stance. The conversation then shifts to examine Westminster Council's empty homes proposal, with the hosts arguing that undermining property rights is a dangerous approach to addressing housing shortages. Finally, they debate the merits of government intervention in the steel industry amid news of the Universal theme park development, questioning whether nationalisation of steel production is economically viable and if theme park construction should be tied to supporting domestic steel manufacturing. We bring you a public affairs podcast with a difference. We want to get beyond the headlines and instead focus on the big ideas and foundational principles that matter to classical liberals. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit insider.iea.org.uk/subscribe…

IEA Podcast

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Britain's Economic COLLAPSE: From Global Leader to 27th Place | Lord Moynihan | IEA Live 1:19:08

17 päivää sitten1:19:08

1:19:08

In this IEA Live event interview, Executive Director Tom Clougherty sits down with Lord Moynihan of Chelsea to explore the key themes from his two-volume work "Return to Growth." Lord Moynihan presents his analysis of what he calls "the three devils" preventing UK economic growth: excessive government spending, high taxation, and burdensome regulation. Throughout their conversation, they explore how the UK has moved from a position of economic strength to facing stagnant growth, with current GDP per capita growth effectively at zero. Lord Moynihan offers a stark assessment of Britain's economic decline, arguing that the country has transitioned from a free market economy toward an increasingly extractive state system. He suggests that returning to policies similar to those of early Blair-era Britain, when government spending was around 30% of GDP rather than today's 45%, could help restore annual growth to 3%. The conversation delves into specific issues such as energy policy, employment regulations, and the challenges posed by Wagner's Law—the tendency of democracies to demand ever-expanding government services. The discussion also explores broader cultural factors affecting growth, including the exodus of entrepreneurial talent from the UK and the psychological differences between "head" and "heart" decision-making that influence political choices. Lord Moynihan concludes with a sobering analysis of how difficult meaningful reform might be given the entrenched regulatory state but maintains that a shift in the Overton Window of acceptable political discourse could eventually create the conditions for change, similar to what happened before the Thatcher revolution of the 1980s. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit insider.iea.org.uk/subscribe…

IEA Podcast

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Green Hydrogen & the "Crime Against Thermodynamics" Policy | Free the Power 22:03

18 päivää sitten22:03

22:03

Join us for the premiere episode of "Free the Power," the new IEA series exploring market-based solutions to the UK's energy challenges. Host Andy Mayer sits down with David Turver, Independent Energy Analyst and Author of the Eigen Values SubStack, to unpack the government's controversial green hydrogen strategy. In this first episode, Trevor explains why green hydrogen costs 7 times more than natural gas and reveals how the government's "gas shipper obligation" could add up to £216 annually to domestic bills while nearly doubling industrial energy costs. Trevor calls the plan "a crime against thermodynamics" and questions why the UK is pursuing an energy strategy abandoned by major oil companies and unviable in free markets. This is the first installment of our series examining energy policies through a free market lens. Subscribe to catch future episodes featuring leading thinkers who challenge conventional wisdom on renewable subsidies, grid reliability, and affordable energy solutions. Is the UK's energy transition headed for disaster or can market principles provide a better path forward? This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit insider.iea.org.uk/subscribe…

IEA Podcast

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From Nudges to Bans: The Dangerous Path of Behavioral Economics | Prof. Mario Rizzo | IEA Live 1:02:19

20 päivää sitten1:02:19

1:02:19

In this IEA In Conversation event, Dr. Christopher Snowdon, Head of Lifestyle Economics, hosts Prof. Mario Rizzo of New York University for an incisive examination of behavioural economics and its paternalistic implications. Prof. Rizzo, co-author of the acclaimed "Escaping Paternalism" and co-director of the Classical Liberal Institute at NYU, challenges the fundamental premises of behavioural public policy with sharp precision and intellectual rigor. The lecture delves into the limitations of behavioural economics' approach to policy-making, exploring how context-dependent biases are, why quantifying them accurately is nearly impossible, and how government intervention may inadvertently weaken individuals' capacity for self-regulation. Prof. Rizzo dissects Cass Sunstein's provocative claim that Friedrich Hayek might have approved of some behavioural interventions, revealing the flawed assumptions underlying this hypothesis. Following the lecture, Dr. Snowdon leads a stimulating Q&A session exploring practical applications of these ideas, from pension auto-enrollment to food positioning, organ donation policies, and the reality of slippery slope concerns in regulation. Throughout, Prof. Rizzo offers a compelling case that while acknowledging human fallibility is important, the contextual nature of decision-making and our limited knowledge of individual circumstances make paternalistic interventions fundamentally problematic. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit insider.iea.org.uk/subscribe…

IEA Podcast

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Trump's New Tariff Plan Explained, UK Savings & Wealth Inequality | IEA Podcast 34:53

23 päivää sitten34:53

34:53

In this episode of the IEA podcast, host Callum Price, Director of Communications, is joined by Tom Clougherty, Executive Director, and Dr. Kristian Niemietz, Editorial Director, to discuss recent economic developments. The conversation begins with an analysis of former President Trump's newly announced tariff plan, which imposes varying rates from 10% to 46% on different countries, with the UK subject to the minimum 10% rate. The guests examine the formula behind these tariffs and the potential impact on international trade. The podcast then shifts to domestic UK issues, focusing on potential changes to cash ISAs (Individual Savings Accounts) by Chancellor Rachel Reeves. Tom explains the rumored plans to limit how much can be saved in cash ISAs versus stocks and shares, discussing why this interference in consumer choice is problematic despite Britons potentially under-investing in equities. The conversation also addresses wealth inequality in the UK, with Kristian noting that contrary to popular belief, wealth inequality hasn't significantly increased in recent decades. The discussion concludes with Tom challenging the narrative that Britain doesn't tax wealth enough, presenting OECD data showing the UK actually taxes property, inheritance, and capital gains at higher rates than many competitor countries. The guests argue that supply-side reforms rather than redistributive measures are needed to address the UK's growth challenges. We bring you a public affairs podcast with a difference. We want to get beyond the headlines and instead focus on the big ideas and foundational principles that matter to classical liberals. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit insider.iea.org.uk/subscribe…

IEA Podcast

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Left vs Right: Both Anti-Freedom | Yaron Brook | IEA Interviews 29:38

24 päivää sitten29:38

29:38

In this IEA briefing, Communications Manager Reem Ibrahim sits down with Yaron Brook, Chairman of the Ayn Rand Institute, to discuss free trade and its economic importance. Brook criticises President Trump's tariff policies, explaining how they contradict fundamental principles of economic freedom. He argues that trade barriers make Americans poorer by restricting individual rights to voluntary exchange and dismisses the notion that "Freedom Day" has anything to do with actual freedom. The conversation explores the theoretical foundations of free trade, examining how specialisation and comparative advantage create wealth. Brook emphasises that voluntary trade is always win-win and criticises political interests that lobby for protectionist policies. The discussion turns to UK trade policy post-Brexit, with Brook suggesting Britain missed an opportunity to become a model for global free trade by maintaining EU regulations while pursuing limited trade agreements. In the final segment, Brook introduces viewers to Objectivism, Ayn Rand's philosophical system. He outlines its comprehensive approach to values, explaining how it promotes individual liberty grounded in a morality of rational self-interest. Brook describes Objectivism's view of government as limited to protecting individual rights through police, military, and judiciary functions while leaving people free to pursue their own values without interference. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit insider.iea.org.uk/subscribe…

IEA Podcast

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Analysis: What the Chancellor SHOULD Have Done 6:02

5 weeks sitten6:02

6:02

IEA Executive Director Tom Clougherty analyses Chancellor Rachel Reeves's Spring Budget statement of March 26, 2025. With economic forecasts worsening since October, the government's fiscal headroom has disappeared, leading to cuts in welfare and departmental spending alongside another effort to tackle tax avoidance. The budget appears to be an exercise in meeting minimum fiscal targets rather than addressing fundamental economic issues. Clougherty criticises how fiscal events have become focused on gaming OBR forecasts five years out rather than implementing principled long-term policymaking. Growth forecasts have been halved to just 1% for 2025, with lacklustre projections through the forecast window. He notes that 2024 and 2025 are essentially "lost years" in terms of per capita economic growth, with productivity improvements still being anticipated despite failing to materialise since the financial crisis. While the Chancellor's rhetoric around pro-growth policies is promising, Clougherty questions whether the substance matches the vision. He argues that a more radical approach to supply-side liberalisation is needed, pointing out that if minor planning reforms can boost GDP by 0.2% at no fiscal cost, more comprehensive reforms across planning, financial regulation, and energy could deliver significantly greater growth benefits that the UK economy desperately needs. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit insider.iea.org.uk/subscribe…

IEA Podcast

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Time for a New Economic Measurement? IEA Briefing 16:59

5 weeks sitten16:59

16:59

Download the full paper here: https://iea.org.uk/publications/44943/ In this new IEA Briefing, Communications Manager Reem Ibrahim sits down with independent economist Damian Pudner to discuss the new IEA paper "Rethinking Monetary Policy." Pudner explains why the Bank of England's current 2% inflation targeting system fails to provide a balanced approach during supply shocks like the COVID-19 pandemic, forcing interest rate hikes that exacerbated the cost of living crisis while hampering economic growth and recovery. Pudner presents a compelling alternative: nominal GDP targeting, which would require the Bank of England to consider both inflation and economic growth simultaneously. This more holistic approach could prevent unnecessary interest rate increases during supply shocks, giving businesses more stability and breathing room to invest and recover. Using examples like Scott Sumner's nominal GDP futures contracts, Pudner outlines practical implementation methods that align with free market principles while potentially delivering the current government's "growth, growth, growth" mission. With historical context showing that monetary policy regimes typically evolve over time, Pudner argues the Bank of England has an opportunity to lead monetary innovation as it did in the early 1990s with inflation targeting. Discover why this shift could create a more stable macroeconomic environment and how it might reshape Britain's economic landscape. Read Pudner's complete paper "Rethinking Monetary Policy" at iea.org.uk and learn more about the IEA's work at insider.iea.org.uk. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit insider.iea.org.uk/subscribe…

IEA Podcast

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The Truth About Britain's Welfare State & Peak Woke? | IEA Podcast 34:44

5 weeks sitten34:44

34:44

In this episode of the IEA Podcast, Communications Manager Reem Ibrahim is joined by Tom Clougherty, Executive Director, and Dr. Kristian Niemietz, Editorial Director at the Institute for Economic Affairs. The team discusses whether the left has turned against woke ideology, examining how socialist figures are now distancing themselves from identity politics to refocus on class struggle. The conversation shifts to Kemi Badenoch's recent speech rejecting net zero targets, with Tom arguing that while abandoning the 2050 goal is sensible, the issue isn't that net zero is impossible but rather that it's undesirable at the necessary cost. The panel explores how nuclear energy could play a larger role in Britain's energy mix if planning reforms were implemented. The podcast concludes with an analysis of the government's new welfare benefit reforms, addressing the concerning rise in long-term sickness benefits. Tom notes that Britain is uniquely experiencing this trend and discusses how pandemic-era policies, remote assessments, and changing attitudes toward state support have contributed to 2.8 million people now claiming these benefits. We bring you a public affairs podcast with a difference. We want to get beyond the headlines and instead focus on the big ideas and foundational principles that matter to classical liberals. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit insider.iea.org.uk/subscribe…

IEA Podcast

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Is Bitcoin the Future of Money? Why the UK Is Falling Behind | Bitcoin Policy UK | IEA Interview 57:01

6 weeks sitten57:01

57:01

In this interview, host Jamie Legg speaks with Susie Ward and Freddie New from Bitcoin Policy UK about Bitcoin's potential and the regulatory challenges it faces in the United Kingdom. They explain how Bitcoin Policy UK advocates for better legislation while the UK falls behind other countries in crypto adoption. The conversation covers why they focus specifically on Bitcoin rather than other cryptocurrencies, highlighting its security, decentralisation, and market dominance. The guests address common criticisms of Bitcoin, including volatility, its deflationary nature, and perceived lack of intrinsic value. They also discuss how mainstream media often portrays Bitcoin negatively without proper understanding of the technology. Ward and New offer compelling insights about Bitcoin's role in providing financial access in countries with authoritarian regimes and how it serves as a lifeline for people experiencing banking restrictions. A significant portion of the interview explores Bitcoin mining's relationship with renewable energy, particularly how mining can utilise excess wind and hydroelectric power that would otherwise be wasted. The guests explain how Bitcoin mining can balance electrical grids, create new revenue streams from otherwise curtailed energy, and even heat homes through recycled mining heat - potentially revolutionising how we think about energy consumption while advancing renewable adoption. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit insider.iea.org.uk/subscribe…

IEA Podcast

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NHS England Abolished, DEI Quotas Scrapped & Tobacco Crisis | IEA Podcast 38:40

6 weeks sitten38:40

38:40

In this episode of the IEA Podcast, host Callum Price, Director of Communications, discusses recent policy developments with Reem Ibrahim, Communications Manager, and Dr. Kristian Niemietz, Editorial Director at the Institute of Economic Affairs. The team analyses the recent abolition of NHS England, exploring whether this represents meaningful change or simply shifts bureaucracy from one department to another. The conversation then turns to financial regulators backing away from diversity and inclusion targets for regulated bodies, with the panel examining whether this represents a broader cultural shift or merely a response to government pressure to focus on growth. Finally, they discuss recent tobacco duty figures showing a 41% drop in legal sales while smoking rates remain unchanged, highlighting how high taxation has fuelled black market growth and questioning the effectiveness of proposed smoking bans. We bring you a public affairs podcast with a difference. We want to get beyond the headlines and instead focus on the big ideas and foundational principles that matter to classical liberals. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit insider.iea.org.uk/subscribe…

IEA Podcast

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How The Black Death Increased Worker's Wages: Medieval England's Economic Revolution | IEA Interview 1:06:34

6 weeks sitten1:06:34

1:06:34

In this IEA interview, Dr Jordan Claridge, Assistant Professor at LSE's Department of Economic History, discusses medieval England's economy with Daniel Freeman, IEA Managing Editor. The conversation explores England in the 13th-15th centuries, examining how the highly commercialized pre-plague economy transformed when the Black Death wiped out approximately 50% of the population. Dr Claridge details how England shifted from a land-scarce, labor-abundant economy to the opposite after 1348, leading to rising wages, changing agricultural practices, and new opportunities for peasants. The discussion covers medieval market systems, monetization, labor dynamics, and the critical transition from feudal management to leasing arrangements that fostered proto-entrepreneurship. The interview concludes by examining the crucial but overlooked role of horses in medieval economic development. Dr. Claridge reveals how peasant-driven horse breeding and adoption created significant productivity improvements despite elite skepticism, highlighting how these agricultural advances helped set England on a path toward its later economic transformation. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit insider.iea.org.uk/subscribe…

IEA Podcast

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Peter Schiff: Trump & The Truth About America's Fake Prosperity? | IEA Interview 53:16

7 weeks sitten53:16

53:16

Join IEA Executive Director Tom Clougherty as he sits down with renowned economist and investor Peter Schiff for a compelling discussion on economic principles, government policy, and financial markets. Schiff, who predicted the 2008 financial crisis, explains his free-market Austrian School economics perspective and why he believes current monetary policies are creating dangerous economic bubbles that are leading toward a severe dollar and sovereign debt crisis. The conversation explores Schiff's criticisms of cryptocurrency, particularly Bitcoin, arguing that unlike gold, it skips the commodity phase essential for sound money. Schiff also offers pointed critique of US trade deficits, arguing they signal fundamental economic weaknesses rather than strengths, and explains why he believes American economic dominance is built on unsustainable debt. Throughout the interview, Schiff advocates for a return to the gold standard and dramatically smaller government. Schiff doesn't hold back on controversial views, suggesting even that America might have been better off with a constitutional monarchy than its current system. For those interested in alternative economic perspectives that challenge mainstream consensus, this interview provides deep insights into Austrian economic thinking and Schiff's predictions for the inevitable consequences of current monetary policies. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit insider.iea.org.uk/subscribe…

IEA Podcast

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The Uncomfortable Truth About Welfare, Housing & Unions In Britain Today | IEA Podcast 44:01

7 weeks sitten44:01

44:01

In this episode of the Institute of Economic Affairs podcast, Callum Price (Director of Communications) is joined by Tom Clougherty (Executive Director) and Dr. Kristian Niemietz (Editorial Director) to discuss recent political developments. The team examines Rachel Reeves' proposed welfare cuts, highlighting the dramatic increase in benefits claims since COVID and questioning whether the system's incentives have deteriorated over time. The conversation shifts to planning reform, analysing whether the government's approach will effectively address the UK's housing shortage. They discuss the merits of moving from a discretionary planning system to zoning, while examining the historical context of UK planning laws and how the 1947 changes fundamentally altered property rights. Finally, the team critically evaluates the government's Employment Rights Bill, suggesting it prioritises union interests over workers' rights and economic growth. They debate how the legislation might impact the UK labour market and question its timing given current economic conditions. We bring you a public affairs podcast with a difference. We want to get beyond the headlines and instead focus on the big ideas and foundational principles that matter to classical liberals. Articles mentioned: * https://capx.co/labours-employment-crusade-could-kill-jobs * https://www.economist.com/britain/2025/03/04/britains-government-may-be-about-to-waste-its-best-chance-of-success * https://www.ft.com/content/37053b2b-ccda-4ce3-a25d-f1d0f82e7989 This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit insider.iea.org.uk/subscribe…

IEA Podcast

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Lord Hannan on Britain's Economic Crisis and the Path to Recovery | IEA Interview 45:48

9 weeks sitten45:48

45:48

In this IEA interview, IEA Director of Communications Callum Price sits down with Lord Hannan of Kingsclere, Newspaper Columnist and President of the Institute for Free Trade. They discuss the current state of classical liberalism and the serious structural challenges facing the UK economy. Lord Hannan recalls his personal journey from supporting tariffs to becoming a champion of free trade, explains the need for fundamental constitutional reform in Britain, and analyses why economic growth remains stagnant despite repeated political promises. The conversation examines why meaningful economic reform typically requires a crisis, with Lord Hannan drawing direct parallels between Britain's current situation and the 1976 IMF bailout that set the stage for Thatcher's reforms. He provides a frank assessment of both President Trump's economic policies and the Labour government's approach, arguing that confronting the "blob" of unelected regulators and officials is absolutely necessary for implementing policies that promote growth. Lord Hannan concludes by recommending a Singapore-style healthcare system as his top policy priority, emphasises the importance of teaching classical liberal ideas rather than assuming people understand them, and outlines how Britain's fractured political right might find enough common ground to effectively challenge the current government. This comprehensive interview provides essential context for anyone interested in Britain's economic challenges and the potential for free market solutions. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit insider.iea.org.uk/subscribe…

IEA Podcast

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1934's Lost UK Socialist Blueprint | IEA Briefing 18:29

9 weeks sitten18:29

18:29

In this episode of the IEA Briefing, Editorial Director Dr. Kristian Niemietz discusses a fascinating 1934 book he discovered in a Wetherspoons pub. Written by G.R. Mitchison, "The First Workers Government" imagines a socialist Britain from the perspective of 1980, looking back at a revolution that began in 1936. Niemietz explores how the book details a gradual nationalisation program that would transform Britain's economy. Unlike modern socialist writers who focus mainly on critiquing capitalism, Mitchison provided an incredibly detailed blueprint for how nationalisation would work, including specific legislation and industry-by-industry plans. The book proposed a "polite British revolution" where business owners would receive compensation over 25 years, avoiding the violence seen in other socialist transitions. However, Niemietz points out the author's naive belief that central planning would automatically lead to massive efficiency gains. The discussion then examines which of Mitchison's predictions came true, particularly comparing them to the post-war Attlee government's nationalisation program. While some elements like the NHS and land use planning emerged in different forms, the full socialist transformation Mitchison envisioned never materialised. Niemietz notes that the debate over nationalisation remains relevant today, with recent polls showing continued public support for nationalising various industries. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit insider.iea.org.uk/subscribe…

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How EU Rules Still Force British Consumers to Pay Premium Prices | IEA Briefing 17:25

9 weeks sitten17:25

17:25

In this IEA Briefing, Callum Price, Director of Communications at the Institute of Economic Affairs, discusses the new publication "Parallel Universe: How Ending Parallel Import Restrictions Benefits Consumers" with co-author Martin Howe KC, a leading intellectual property barrister. The paper, authored by Howe and Matthew Lesh, examines how parallel import restrictions - a complex trade issue inherited from EU law - prevent retailers from importing genuine branded goods from countries outside the EU, even when those products are significantly cheaper. Howe illustrates this with examples like Tesco being blocked from selling genuine Levi's jeans they bought more cheaply in North America. Despite leaving the EU, the UK maintains these import restrictions in an inconsistent way - allowing parallel imports from EU countries but not from nations like the US, Canada, or Australia. Howe argues this makes no economic sense and primarily benefits multinational companies while forcing UK consumers and public services to pay higher prices. He notes that when parallel imports were allowed within the EU single market, the NHS saved over £800 million on pharmaceuticals over five years. Howe suggests that while some specific restrictions might make sense (like for pharmaceuticals sold cheaply to developing countries), most parallel import restrictions should be abolished. He dismisses common arguments against removal, including concerns about quality standards and humorously notes British publishers' worries about American cookbooks with imperial measurements confusing UK consumers. The discussion provides a clear look at how removing these trade barriers could lower prices for British consumers without spending public money. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit insider.iea.org.uk/subscribe…

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Government Funded Activism, British DOGE & Manufacturing Nostalgia | IEA Podcast 34:20

9 weeks sitten34:20

34:20

Join the IEA Podcast as host Callum Price, Director of Communications at the Institute of Economic Affairs, sits down with Dr Christopher Snowdon, Head of Lifestyle Economics, and Dr Kristian Niemietz, Editorial Director, to discuss recent revelations about government waste and inefficiency, including the shocking story of Rory Stewart's Turquoise Mountain organisation losing $1 million in US aid money. They explore whether the UK needs its own version of a "DOGE" - someone to tackle bureaucratic bloat and wasteful spending - and debate if such an approach would actually work in practice. The conversation delves into the problem of state-funded pressure groups and NGOs, with Snowdon highlighting his research on "sock puppet" organisations that use taxpayer money to lobby for controversial policies. The team examines how the European Commission funds environmental groups specifically to lobby MEPs, creating what they describe as a self-perpetuating cycle of government lobbying government. The discussion then turns to calls for UK reindustrialisation amid concerns about military readiness and manufacturing capacity. While acknowledging valid concerns about how net zero policies have impacted British industry, the panel pushes back against manufacturing nostalgia, noting that the UK still maintains significant manufacturing output - just with fewer workers due to automation and efficiency gains. We bring you a public affairs podcast with a difference. We want to get beyond the headlines and instead focus on the big ideas and foundational principles that matter to classical liberals. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit insider.iea.org.uk/subscribe…

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In Defence of Unfair Competition | IEA Briefing 20:29

10 weeks sitten20:29

20:29

In this IEA Briefing, Communications Director Callum Price sits down with Editorial Director Kristian Niemietz to discuss his new SubStack piece "In Defence of Unfair Competition: Why it is a fallacy to treat market competition like a sports competition." Niemietz explains that while sports require standardised rules and level playing fields, markets thrive on natural advantages and different approaches to solving problems. Using examples from wine production to international trade, he shows why "unfair" advantages in business - whether from geography, climate, or even government policies - shouldn't necessarily be "corrected." The discussion is particularly timely given Donald Trump's recent calls for "level playing fields" in international trade, with Niemietz arguing that attempts to equalise trading conditions through tariffs ultimately harm consumers. When higher-priced domestic products are protected from cheaper foreign competition, consumers end up paying more and have less to spend elsewhere in the economy, making the whole country poorer. Drawing on historical examples, Niemietz contrasts the success of free-trading economies like Hong Kong and Singapore with the poor performance of protectionist Latin American countries in the 20th century. He challenges Trump's narrative about 19th century American protectionism, citing research showing that less protected industries actually performed better. The key takeaway: while large economies like the US might be able to "get away with" protectionism, the evidence suggests free trade produces better outcomes. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit insider.iea.org.uk/subscribe…

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Reform UK's Energy Policy & New Towns | IEA Podcast 48:45

10 weeks sitten48:45

48:45

In this episode of the IEA Podcast, host Reem Ibrahim sits down with Tom Clougherty and Kristian Niemietz to dive into the latest policy developments across the UK. The discussion kicks off with an analysis of the government's ambitious new towns initiative, examining whether central planning is the right approach to solving Britain's housing crisis. The conversation then shifts to Reform UK's recently announced energy policies, including their controversial windfall tax on renewable power and ban on battery storage systems. The guests critique these measures from a free market perspective, arguing that they represent an "authoritarian approach" that could make energy more expensive rather than achieving the stated goal of affordability. The episode concludes with a sobering look at public sector productivity, particularly focusing on the NHS which is now 20% less productive than before the pandemic. Tom and Kristian explore the structural issues behind declining productivity in nationalised services and discuss potential market-based solutions to these challenges. We bring you a public affairs podcast with a difference. We want to get beyond the headlines and instead focus on the big ideas and foundational principles that matter to classical liberals. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit insider.iea.org.uk/subscribe…

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Will Reform UK's Energy Policies Cut Prices? | IEA Briefing 13:11

10 weeks sitten13:11

13:11

In this IEA Briefing, we analyse Reform UK's newly announced energy policies with Andy Mayer, the IEA's energy analyst and CEO. The discussion covers four key policies: a windfall tax on renewable power, a solar farm tax, a ban on battery energy storage systems, and legislation to force National Grid to underground cable installation. Andy breaks down each policy, explaining that while Reform UK has been making sensible points about net zero's challenges, their proposed solutions raise concerns. He discusses how the windfall tax largely duplicates existing legislation, questions the food security argument behind the solar farm tax, challenges the logic of banning battery storage systems, and highlights the enormous costs of mandatory underground cable installation. The conversation provides valuable context around energy market regulations, subsidy schemes, and the importance of technology-neutral approaches. Andy emphasises that the focus should be on deregulation and letting energy markets work efficiently, rather than creating new restrictions for specific industries. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit insider.iea.org.uk/subscribe…

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The Uncomfortable Truth About Why British Government Is Failing | Sam Freedman | IEA Book Club 1:14:39

11 weeks sitten1:14:39

1:14:39

In this IEA Book Club event, Sam Freedman, Senior Fellow at the Institute for Government, discusses his new book "Failed State: Why Nothing Works and How to Fix It" with IEA Executive Director Tom Clougherty. Freedman, who previously served as a Senior Policy Adviser to Michael Gove and Executive Director of Teach First, presents a stark analysis of Britain's governance crisis. Freedman argues that decades of increasing centralisation, executive dominance, and media-driven policymaking have created a state that is fundamentally unable to deliver effective governance. Through concrete examples and detailed analysis, he illustrates how the concentration of power in Westminster, combined with the hollowing out of local government and the constant pressure of the 24-hour news cycle, has led to institutional paralysis. The discussion explores potential solutions, from meaningful devolution of power to reform of Parliament and the civil service. Freedman makes the case that without fundamental changes to how Britain is governed, no government – regardless of political persuasion – will be able to effectively implement its agenda. The conversation also delves into the challenges of institutional reform and the prospects for meaningful change in the current political environment. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit insider.iea.org.uk/subscribe…

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Are Actually Creating More Discrimination | IEA Briefing 29:09

11 weeks sitten29:09

29:09

IEA's new discussion paper "Liberalising Discrimination Law" examines how anti-discrimination legislation in the UK has evolved since the 1960s, with particular focus on the Equality Act 2010. Daniel Freeman, one of the paper's authors, breaks down how the law has shifted from addressing direct discrimination to increasingly complex regulations around indirect discrimination and group outcomes. The discussion explores real-world examples, including the Next retail case where warehouse workers' higher pay compared to shop staff led to discrimination claims, and how Birmingham City Council faced £700 million in backpay due to equal pay disputes. Freeman explains how current legislation can create unintended economic distortions and burden employers with complex compliance requirements. Watch as Freeman and host Reem Ibrahim examine the paper's core argument for stripping back the Equality Act to focus primarily on direct discrimination, while questioning whether policies meant to address historical inequalities may sometimes work against individual fairness. They also discuss potential future trends in discrimination law, drawing parallels with recent developments in the United States. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit insider.iea.org.uk/subscribe…

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