Monthly Archives: January 2012

We are governed by children

If any further evidence we needed that we are ruled by children, here it is. If we had an effective opposition they’d be telling us that Cameron has more important things to be doing than worrying about the price of … Continue reading

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Quote of the day

Socialism, like the ancient ideas from which it springs, confuses the distinction between government and society. As a result of this, every time we object to a thing being done by government, the socialists conclude that we object to its … Continue reading

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Can you build a toaster from scratch?

“Left to his own devices he couldn’t build a toaster. He could just about make a sandwich and that was it.” Mostly Harmless, Douglas Adams I, Pencil, simple though I appear to be, merit your wonder and awe, a claim … Continue reading

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The failings of the dead tree press

It seems our beloved mainstream media can’t decide whether to ignore the EU dimension in British politics, or instead to invent an EU dimension when one doesn’t exist. Richard North, never to have spoken a kind word about the fourth … Continue reading

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I couldn’t have put it better myself

What is worse, the [Olympic] games are corrupt in moral terms because they rely on the coercive deployment of resources by government. Whether or not we like watching people hop, skip and jump, we are forced, on pain of going … Continue reading

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Austrian ideas on the BBC

One of the consequences of the housing bust was a renewed interest in the Austrian school of economics – sales of Hayek’s The Road to Serfdom soared, and once marginalised ideas are now becoming reconsidered. We naturally seek alternative explanations when things go tits … Continue reading

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On Austrian economics

Most standard economics assumes that the relationships we are trying to understand can be captured by a continuous function that’s smooth and twice differentiable. What the Austrian analytics suggests is that life is not actually a continuous and smooth function … Continue reading

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