Britain is also eerily emulating a pattern of democratic backsliding; from India to Mexico, authoritarian governments “test-drive” what they can get away with at local level first. By conveniently delaying elections at a time when council tax is set to rise, Labour risks setting a wicked precedent for “taxation without representation”.

Sherelle Jacobs, Daily Telegraph (£).

Bob revisits Böhm-Bawerk’s critique of the exploitation theory of interest to answer modern claims that billionaires like Elon Musk must have “stolen” their wealth from workers who supposedly create 100 percent of a firm’s value.

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Literature—my favorite field. Heroism—my favorite topic.