Tim Worstall

2 responses so far ↓

• 1 Devil's Kitchen // Feb 17, 2013 at 11:10 am

  Let’s say that the free trade deal is, in fact, worth £75bn; then let’s assume that the barriers have been in place for 20 years.

  That means that the lack of free trade over 20 years has cost EU and US consumers £1500 billion.

  So, can we now bill the politicians for that amount? Can we sue them for making us £1500 billion poorer?

  Please…?

  DK

• 2 Gamecock // Feb 17, 2013 at 1:52 pm

  I am reminded of when California “deregulated” the electric power industry in 1996. To this day, Californians declare that “deregulation doesn’t work.”

  Here’s the “deregulation” legislation:

  http://www.leginfo.ca.gov/pub/95-96/bill/asm/ab_1851-1900/ab_1890_bill_960924_chaptered.html

  Had it been actual deregulation, one line would have done, “Government isn’t going to interfere with electricity production and sales anymore.”

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