Tim Worstall

Slightly more considered view of Monbiot’s discovery. It’s a little odd to study Britain then conclude that racism and conservatism are aligned when our most racist political party is a nationalist socialist one and when our most conservative political party is the Labour Party.

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The Daisey thing has got picked up by The Guardian and I’m mentioned in it. It’s really rather fun in the comments: we’ve even got someone flat out insisting that UK GDP per capita in 1600, or Chinese in 1978, could not possibly be only $950 a year because it’s impossible to survive on £2 [...]

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I think I can live with this description on Twitter: djdoucheface david watson but this conservative douche nuts forbes journalist actually makes some annoyingly decent points au contraire onforb.es/wE4yYv

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At the ASI. It’s a little odd when people accept only one of the two, public choice theory and the principal/agent problem. For they’re really just two sides of the same coin.

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At the ASI. An interesting quote from Keynes pointing out that it’s not all about aggregate demand.

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At the ASI. Turns out this Anglo Saxon style of capitalism, with it’s emphasis on public markets for equities, does have some advantages over Rhineland capitalism after all.

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At the ASI. CSR increases profits: which is why profit maximising companies do some of it. Just perhaps not quite as much as the campaigners think they should, for that level of it isn’t profit maximising.

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At the ASI. The stupid people whining about the living wage. Why not just cut taxes on poor people?

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At the ASI. Idiocy from the Fair Pay Network

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6. The best thing for wages and working conditions is full employment, and we can achieve this by getting rid of the minimum wage and regulations. This will increase wages and improve working conditions, but these higher wages and conditions won’t reduce employment in the same way as the regulations did before because free market. Yup. Because [...]

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At the ASI. nef really is the no economics foundation. They’re even against the division of labour for goodness sake.

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At the ASI. What fun as everyone gets downgraded.

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Off to the ‘Ore Mountains again. ‘Untin’ slags. The start of a new little business adventure. This week is to sort out a flat etc. Then will be based up there most of the time for the next 6 months. I’ll be like everyone else, coming to Portugal on hols……  

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At the ASI. Mass employment in manufacturing just isn’t coming back

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At the ASI. Another spotting of luddite loons on the loose.

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At the ASI. More about why social rents so too are subsidised.

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At the ASI. Far from MP’s bars being subsidised they should be making a profit.

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At the ASI. Another thing that might be wrong with the DECC calculations about the costs of renewables.

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At the ASI If neoliberalism gets the blame for the state of the world then shouldn’t it also get the praise for the things that have gone right?

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At the ASI. Why we really don’t want to try and build a great big computer model of the financial markets.

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