I was pleased to read that Allister Heath has been appointed as Editor of City AM, the free daily newspaper distributed in the City of London. The City is generally quite sound, but somehow I think the addition of a noted Hayekian libertarian as editor of this popular freesheet will help the City get even sounder.

Allister came on the scene in the 1990s when he co-founded the LSE Hayek Society. During the heyday of The European Journal, a Eurosceptic magazine, it was Allister who was editor. He says that when someone gave him a copy of Ayn Rand's Atlas Shrugged, he found it full of things that resonated with him. For the past few years, he's been working on The Business, firstly as Economics Editor, then Deputy Editor and finally as Editor, where he has been a consistent and effective critic of Gordon Brown's economic policy.