It isn't quite true to say that a bank which is insolvent has no value. Strange thought, but true all the same.

We'll have an inaugural speech tomorrow and there will be many ooohs and aahs. Here's Milton Friedman's response to an earlier such speech which got a lot of such adulation.

The perils of this libertarian paternalism.

Apparently simple economics is beyond the ken of our own bureaucratic paternalists.

The joys of fiscal stimulus. We've had at least three such stimuli in the past 8 years: guess how well they worked out?

A site that you really do want to contribute to. Keeping track of those charities which are simply mouthpieces for government propaganda.

And finally, fare thee well, Tony Hart.