Deepak Lal's view of the world confirmed: politics is really all about rent seeking.

Other failures of politics: urban renewal often doesn't do very much renewal.

Yes, good bureaucracies do have their bad sides too.

Television Without Frontiers apparently means paying much more attention to which frontier television programmes have passed over.

Shock! Markets are imperfect: they overshoot on the way down as well as the way up.

For those few readers here who don't already understand Max Moseley's predelictions, an explanation (no, entirely safe for work).

And finally, something to look forward to.