Employment targets

We believed that since jobs (in a free society) did not depend on government but upon satisfying customers, there was no point in setting targets for ‘full’ employment. Instead, government should create the right framework of sound money, low taxes, light regulation...

Unfair dismissal

To judge whether a workman is fit to be employed, may surely be trusted to the discretion of the employers whose interest it so much concerns. The affected anxiety of the law-giver lest they should employ an improper person, is evidently as impertinent as it is...

Price control

The balance between consumption and production makes price. The market settles, and alone can settle, that price. Market is the meeting and conference of the consumer and producer, when they mutually discover each other’s wants … They who wish the destruction of that...

Job creation

Time and again we were asked when plants and companies closed, “where will the new jobs come from?” As the months went by, we could point to the expansion of self-employment and to industrial successes in aerospace, chemicals and North Sea oil. Increasingly we could...

Economic stability

The less a government interferes, the less it tries to thwart market forces, and the less it tries to smooth out the peaks and troughs of economic cycles, the more economic stability there will be. Recessions in one industry will be matched by booms in another....