All this death of capitalism stuff. Worth looking at this chart. Capitalism is the only economic system ever to manage this, a consistent and long lasting rise in the average standard of living.
As an example, it wasn't the introduction of capitalism that killed Russians but the dying of communism.
Big government didn't work so well for Bush. So perhaps big government won't work for Obama, either?
Oh dear, it seems that Thatcher's lesson hasn't been learnt. To cut government you need to cut what government does, not just try to govern more efficiently.
And the evidence against The Shock Doctrine is now approaching that of The Population Bomb.
If you want a temporary stimulus why have one that isn't temporary and doesn't stimulate?
And finally, a blogger being sued for libel. Worth seeing if you can help perhaps, despite Dave's rather odd economic and political views.
Greetings. My name is Adam and I began my internship with the ASI on Monday. I am an international student from the United States, and I am currently studying at City University of London for the semester. I plan to finish my bachelor’s degree in economics next May at Villanova University, a small university in the suburbs of Philadelphia. After I receive my degree I hope to enter a graduate program in public policy. Some of my interests besides economics include music making, film, and literature. I hope that my time spent at the Adam Smith Institute will allow me to gain a new perspective on current economic issues.
With the Chinese New Year starting yesterday it is worth considering how far the country has come since the death of Mao. Booksmith has just started reading The Elephant and the Dragonby Robyn Meredith. So far it is proving an interesting read. In the opening chapter she gives a vivid description of life before Deng Xiaoping's reforms: very unpleasant. However, life is now considerably better for most following the relative economic freedoms now permitted in much of China. Lets hope political freedoms follow.
A fun time to be a central banker at the moment, don't you think? Although the Zimbabwean one seems to be having more funthan most.
What could it be that would make a magistrate so cynical?
Certain Labour Lords have a record of certain types of actions. That might explain at least some of the cynicism.
It might be stretching things to say that only ill thought out regulation caused the current events, but there certainly were some ill thought out regulations that contributed.
A useful political rubric. If everyone's in agreement then they're wrong.
As an example: even Keynes thought that infrastructure was not a good method of providing a fiscal stimulus.
It's very important to note that a large part of the disagreement amongst economists about fiscal boosts, spending and tax cuts, is governed not by economics, but by the economists' prior beliefs. Perhaps it shouldn't be this way but it is.
The University of North Carolina Scots literature dept translated a Japanese collection of Burn's poetry back into English. They discovered that in the Address to the Haggis instead of reading 'Chieftan o' the pudding race', it was 'O Prince of the sausage people'!
Wasn't it Will Hutton who claimed that manufacturing industry, the revival of within a banking led form of Rhineland capitalism, was the solution to all our woes? Hmm, wonder how well that's working then?
When is an inorganic fertiliser actually an organic one? Strangely, if you rape Gaia by mining her, this is OK, but making the same chemical in a lab isn't.
And finally, a corollary of Muphry's Law* at work once again.
* That is, that whenever you make some snotty remark about someone else's spelling, grammar, historical research, knowledge of pop music or indeed anything else, you will make at least one equal or greater error in the course of said snotty remark.
Greetings. My name is Adam and I began my internship with the ASI on Monday. I am an international student from the United States, and I am currently studying at City University of London for the semester. I plan to finish my bachelor’s degree in economics next May at Villanova University, a small university in the suburbs of Philadelphia. After I receive my degree I hope to enter a graduate program in public policy. Some of my interests besides economics include music making, film, and literature. I hope that my time spent at the Adam Smith Institute will allow me to gain a new perspective on current economic issues.
With the Chinese New Year starting yesterday it is worth considering how far the country has come since the death of Mao. Booksmith has just started reading