Tim Worstall

Mr. Chakrabortty I expect: But here’s the thing: banks are in such a fierce arms race over staff that a regulators‘ squeeze on bankers’ bonuses will probably lead to a jump in their basic pay. As we report today, salaries for senior bankers have gone up three- or four-fold in the past 18 months alone. [...]

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From his slides for his recent talk at Yale. Or is profit a simple epiphenomenon of doing the right thing, and doing it well?
And if that’s true, why aren’t we reporting on what the right thing is, where it is, and how it’s being done well? We don’t and cannot report on what [...]

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Of course, sons are not responsible for the sins of the fathers. But it is amusing.

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And what was it that brought cheap, fashionable specs to the masses? Was it State ownership and control of the Opticians with billions of tax money thrown in, or was it just freeing the market and letting competition bring its benefits? Hmm I wonder. This bloke.

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At the ASI. The interesting thing about the Washington Consensus is that this horrible neo-liberalism actually seems to be working in reducing poverty in Africa. Quite beyond me why so many people are campaigning to get rid of it really.

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True, it did. Well, a satellite made of cheese at least.

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Matt Ridley likes it: What is particularly clever about the book is the way that Worstall makes economic theory so digestible, even delicious. He refutes the dreary cliche so popular among environmentalists that economics just `does not get’ the environment (by which they usually mean that they would like to do the equivalent of repeal [...]

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The book is now number 68 in the Amazon bestseller list! Erm, OK, it’s only the “Business, Finance and Law” bestseller list. But it is on a “bestseller list” so I can now refer to it as a “bestselling book”, right?

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It has the distinction of being the only British railway station to have been stolen. The things you can find out on the internets…..

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Of at least should be so considered: Feminism created separate taxation But progressive taxation requires taxation as a household…. Going to be rather a ruction in that progressive coalition over that, isn’t there? Starting with the definition of “household”.

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It sounds so simple, doesn’t it – “no subsidy”. Which bit of that do you not understand? But if the Trades’ Description Act applied to political pronouncements, Chris Huhne would find himself subject to prosecution for outright deception. OK, fair enough. In other words, renewables will be eligible for any form of subsidy that applies [...]

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While big businesses like Philip Green’s Arcadia Group or Vodafone are able to avoid paying their full share of tax on profits made in the UK For as a tax expert Richard of course knows that Arcadia pays their full share of taxes on profits made in the UK. This is Corporation Tax and there [...]

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The alternatives on offer are internal and external devaluation. Choose one of the two for there are no other alternatives.

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But then we knew that: Because this isn’t just about fees, but about the final transformation of our education system from a public into a private good. Whether education (or anything else for that matter) is a public or a private good has absolutely sweet fuck all to do with how it is financed. A [...]

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Given the attacks on Mastercard and Visa: how to keep your credit card safe.

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If I might just give my considered view of this particular incident? Hang the bitch. Update: “Those who are commemorated by the Cenotaph died to protect the very freedoms that allow the people of Britain the right to protest and I feel deeply ashamed to have, although unintentionally and unknowingly, insulted the memory of them. [...]

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The Question Punk Is Do You Think Your Course Is Worth £9000? ? If you answer no then there isn’t a problem. Do something else. If you answer yes there isn’t one either. Grow up, invest in your future.

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…..it’s a little gem, it really is.

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Purveyor of woo argues against regulation of purveyors of woo. The high court will tomorrow hear the judicial review claim made by six organisations against the Health Professions Council. They are concerned that, under HPC proposals for the regulation of talking therapies, it may no longer be possible to go into therapy, practise therapy or [...]

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In 2012, the levy will increase to 0.075pc as part of the Government’s attempt to encourage banks to hold less risky liabilities on their balance sheets. “We have consulted on the design of the scheme so that it achieves two objectives: first, ensuring that banks make a fair contribution in respect of the potential risks [...]

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