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Samizdata quote of the day – Holy shit this pisses away our money

The idea that the British government should subsidise an American mine is pretty weird. Very weird even. But it does seem to be about to happen.
[…]
To the extent that we’ve got a scandium expert lying around I’m it. Niocorp isn’t going to work. But the British government, using your and my money, is eager to invest in it?

Why can’t they leave us just to piss away our own money in our own ways? Why this insistence upon doing it wholesale on obvious disasters?

Tim Worstall

4 comments to Samizdata quote of the day – Holy shit this pisses away our money

  • Presumably someone is getting a backhander?

  • Clovis Sangrail

    I loved the bit where Niocorp claims to expect to sell five times current world consumption for 3 times current price.

  • Fraser Orr

    @Clovis Sangrail
    I loved the bit where Niocorp claims to expect to sell five times current world consumption for 3 times current price.

    Unlike the American government, the British Parliament has really constitution constraining it, there are limits on what they can do, but not many. They can pass or change whatever laws they like.

    Apparently here they have decided to change the law of supply and demand. They are just waiting for King Charles to give Royal Assent.

  • Clovis Sangrail

    @Fraser

    they have decided to change the law of supply and demand

    Well, I would suggest that’s Niocorp, the US company.
    Parliament is just going along with lunacy.

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