Tim Worstall

The people will lack the full facts, but will nonetheless know enough to feel fury. To translate that for you: ignorant proles will get angry. So, err, why doesn’t the nation’s leading left wing newspaper try to inform them?

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Aristotle was right: you can’t make money out of money Amazing really: entirely missing the point that we all did start making money around 1750 when we did realise that as money has a time value you can indeed make money out of money. Next week, Ritchie’s GP wife lectures us on why Galen is [...]

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The dazzling new Salmon youth centre opened in May, a palace to replace the old Victorian settlement that has nurtured Bermondsey’s young people for generations. Tommy Steele used to come here, and he donated professional-quality lighting for the new performance space. A magnificent sports hall, climbing wall, kitchen for cooking classes, office space for young [...]

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Long piece, much handwringing about guns in America: What is it with America and guns? Why does the most advanced democracy, which prides itself on being a bastion of reason and civilisation in a brutal and ugly world, put up with this carnage in its own back yard? Etc, etc, cont. pg 94. Amazingly, Ed [...]

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Women in crisis as depression fuels binge-drinking and sex I can afford a bottle of wine to pour down a bird’s throat these days after all…..

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Elton John and David Furnish’s son Zachary is not an ‘issue’ Peter Tatchell feels strongly about This is actually headline news. “Man has no opinion“. O Tempora….etc.

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So, err, which is Gerry?

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OK, so our man tells us that perhaps companies should join a scheme where they can show that they’ve been paying the right amount of tax. And he recommends one here. Which leads us to a .pdf prepared by the Tax Justice Network. Which is, of course, just our man and his mates again. Which [...]

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It is the world’s fifth largest financial centre, hosting 80,000 registered companies, more than three-quarters of the world’s hedge funds, and $1.9tn (£1.2tn) on deposit – four times as much as in New York City banks. I wonder what the definition of “New York City bank” is there? Clearly it’s not banks that have offices [...]

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Another interesting tale confirmed by several bloggers I know who are reliable commentators is that many more right wing sites are now editing out most left of centre comment. The Taxpayer’s Alliance is one who is now definitely doing this. I would hate to be so partisan…. Guess who?

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In the text on one of the videos, for example, Mr. Loughner states, “No! I won’t pay debt with a currency that’s not backed by gold and silver.” Or stupid, one or the other. For of course, even if you are a gold/silver nut, in fact, especially if you’re a gold/silver nut, you’re absolutely delighted [...]

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all he looks for in a woman is bilateral symmetry And more: He’s got a very decent “soul” voice. Who knew?

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David Miliband has approached the BBC with some programme ideas. Apologies, joke knicked from somewhere. CityUnslicker? Guido?

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Having a job is more important to people than how much they are paid, according to the first official inquiry into what makes Britons happy. Excellent, that does make it simple then, doesn’t it? Lower everyone’s wages and everyone will have a job and thus everyone will be happier. No, really, this works. Unemployment is [...]

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High street banks would pledge to increase lending to small businesses and home owners by more than £200 billion under the terms of a secret deal that would pave the way for them to pay out billions of pounds worth of bonuses. Sigh. As a broad brush thing, there’s two types of banking. There’s commercial [...]

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A quarter of children have looked at pornography in the last year, according to LSE research used in a Panorama programme about the sexualisation of young children.

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More on why the euro is not an optimal currency area. We’ve a housing bubble inflating in Vienna which rather needs to be popped with a dose of higher interest rates. Hands up all those who think Ireland needs higher rates right now? Quite.

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By “tracking” we mean division into academic sheep and vocation goats: Expansion of education and changes in the structure of schooling — for instance, a shift toward later tracking — appear to have contributed to increases in intergenerational mobility in Sweden and Finland.10 On the other hand, in the United States and United Kingdom mobility [...]

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“A story circulating at the time described an English professor’s complaint to him about the high salaries of economics professors. “Perhaps you should consider starting an English consulting firm,” he is said to have responded.” Wages are not determined by what people do but what they could earn doing something else.

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Facebook Fuss Doesn’t Make It Home Run Expectations are already so high for Facebook shares that most of the future gain already may be gone. Markets are forward looking. Who knew?

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