Thanks to our vigilant commentariat, I read this excellent, pithy demolition of central banking by Jamie Whyte, the banker and writer on philosophy and other subjects. Good on the Times (of London) for running it. It’s a healthy antidote to the flawed semi-Keynesian nonsense of Mr Kaletsky.
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July 2nd, 2009 | 13 comments - (Comments are closed)
 Some speculation is already generating about who might get the top job at the Institute of Economic Affairs, the think tank in the UK that is, in some ways, the grand-daddy of free market think tanks in the UK. John Blundell is going, having been in the post for some time. Guido has some rather barbed comments about Blundell. Guido mentions an old journalist friend of mine, Allister Heath, as a candidate. Allister would be great – but he is anyway going great guns at the financial paper, City AM, and may also have his eye on other journalistic positions in the future. But he would be a very strong choice for the role, although selfishly, I’d prefer it if those few of us who are libertarian journalists stayed in the profession. In some ways – these things are not easy to measure – I get the impression that more focused groups such as the Taxpayers’ Alliance have been making far more of the running in recent years than the IEA, while the Adam Smith Institute has been doing a lot of outreach work with universities and colleges, which is vital. But the IEA has a tremendous pedigree and it ought to be a coveted position to go for. The only reservation is whether it can command enough of a budget to get in someone at the right level. June 29th, 2009 | 2 comments - (Comments are closed)
Fraser Nelson, continuing his relentless and admirable campaign to track the sheer, barefaced dishonesty of Gordon Brown. Of course, politicians have always, with varying degrees, told lies or only partial truths, and Brown is hardly an original in this regard. Arguably the greatest lie, or set of lies, told to the UK electorate were told in the period leading up to the UK’s entry into the-then EEC, later European Union: namely, that our entry into the Community was in no way a loss of national sovereignty. In fact I am sure that I recall reading – sorry, cannot find the source – such pro-EEC journalists as Hugo Young saying that it was admirable and necessary for the likes of the late Edward Heath (curses be upon him) to bullshit the public. Even so, Brown’s denial of his own budget arithmetic, when it can be so easily checked, is a jaw-dropper. But what is encouraging is that parts of the media, even the fairly lefty bits, are not buying the line that there will be no cuts in spending over the next few years. Of course, if Brown is refusing to make spending cuts, then I guess that fits with the whole “scortched earth” idea that he has: he knows Labour will lose the next election, probably quite badly, but out of a mixture of low cunning and sheer evil, he wants to bequeath a terrible inheritance upon the next government. Yes, I said evil. Mr Brown is an evil man. In fact his invocation of his puritanical Scottish religion is part proof of that. June 29th, 2009 | 9 comments - (Comments are closed)
Is there no U-turn that this shameless government will not indulge, helped by their handmaiden, the Daily Telegraph? At least, Brogan fences the slurry in, although it oozes and drips through the cracks in the fence. Now, casting my mind back, I seem to recall that targets, micro-management and huge public expenditure without gain are all hallmarks of one G. Brown Esq. So how can this ‘target culture’ be derided as Blairite?
Well, as a member of the public, I would like to demonstrate near Parliament, wear a “Bollix to Brown” T shirt and ensure that nephews could read. And I can complain to the people who buggered up in the first place. And what do people want when they complain? They want redress. If they can’t get the rights, they get the compensation. A new way of using your money to puff up Brown’s largesse and promote dishonesty. Incentives to lie and cheat by crying that rights are infringed, to be bought off by gold, all helped out by that nice Mr Brown, who understands my needs. This is one last ditch effort to bribe the electorate at the expense of widening compensation culture and increasing something for nothing expectations. Good thing the money has run out. June 27th, 2009 | 6 comments - (Comments are closed)
In France a group of MPs has said that France ought to investigate the possibility of banning the burqa. In Britain, ‘More than 700 “controlled drinking zones” have been set up across England, giving police sweeping powers to confiscate beer and wine from anyone enjoying a quiet outdoor tipple.’ If you want to keep your freedom to drink what you please on the public street then fight for the freedom to wear what you please on the public street. But what about public drunkeness, then, and the fear and misery of those whose nights are blighted by drunks fighting at their windows and pissing in their gardens? And what about the cloth-entombed women, projecting an image of both slavery and Islamic aggression, who may or may not have chosen to wear the black bag? My answer is substantially the same to both social problems: as a society we have chosen to deny ourselves the very tools of private social action (no, that is not a contradiction in terms) that could make things better. For decades we have denied ourselves disapproval. For decades we have denied ourselves property rights. For decades we have denied ourselves the right to free association, which necessarily includes the right not to associate. These tools are the ones we have the right to use. They are also the right tools for the job. They, unlike the tools of coercion, will not turn in our hands and cut us. Bad form to quote oneself, I know. However it saves writing time, so tough. Last time I wrote about this sort of thing I said:
And
June 25th, 2009 | 32 comments - (Comments are closed)
Brown does not really understand libertarianism, but this is an accolade:
I expect I shall be arrested for loitering around marinas as yacht-fondling will be outlawed in the next Parliament. June 21st, 2009 | 25 comments - (Comments are closed)
Tim Worstall – back in harness after running for office as a UKIP MEP – writes about the Labour government’s stated desire to ensure that not a single tract of the UK is without broadband access. It is the sort of techie, practical measure that Mr Gordon Brown thinks will help win him a bit of respect in the traditional Tory and LibDem shires. As Tim says, the logic of this idea is questionable. There are geographical, physical reasons why broadband access, or indeed other forms of communications, are not available everywhere, all the time. Also, as the comment thread attached to Tim’s piece reveals, there is this argument, that I have raised before – also prompted by one of Tim’s articles – about why people feel that because X or Y wants a road, canal, power cables, whatever, that therefore the state should be able to use compulsory purchase powers, and taxation, to pay for whatever it is that is wanted. I have referred to this mindset as “brute utilitarianism”. Also, it is a cost of living in the countryside that one does not always have the same degree of speedy access to certain things that one has living in a town or city. That’s life, so folk should deal with it. (One of the few arguments for land value taxes is that people living in such remote places would, other things being equal, pay less taxes also. However, there are other problems with LVT as the Austrian school of economics points out, attractive at first blush though the idea might be). I pay more to live in my rabbit hutch apartment in Pimlico and for the same outlay I could live in a big place in the sticks. But for the benefit of living in SW1, I get quick access to airports (a short trip from Victoria to Gatwick); the Tube, buses, taxis, broadband access, etc. This is part of the cost “package”, if you like, that comes with my locational choice. A person who lives in a remote area and who demands Pimlico or New York-style communcations is demanding that the citizens of a city should subsidize that preference. And yet many of the people who migrate from the towns to the country are quite well off; as I have noted in my native Suffolk, as soon as the townies settle in, they start demanding all kinds of amenities, not realising, or caring, that such things don’t exist because they are relatively expensive to put in rural areas, which is precisely why Mr and Mrs Chartered Accountant can afford to live in their nice village cottages in the first place. Sometimes such debates are as easy as this: if people want something, then damn well pay for it yourself, and do not use the robber powers of the state to grab it off someone else. Rant over. Er, not quite: my reference to LVT brought out a crop of Henry George “land-is-special!” types on the comment board. Several of us have responded to them, but I came across this nice essay by Jan Narveson, which I think is one of the best smackdowns for the land value tax mob that I have ever read. Excerpt:
June 17th, 2009 | 139 comments - (Comments are closed)
David Mitchell’s own opinions are a bit right-on for me (right-on generally being the opposite of right, in either sense). But unlike the ordinarily right-on, he is prepared to countenance being mistaken, and frequently an acute critic. This bit of his latest Observer column is lucid and perfectly to the point:
Sir Alan’s TV role is caricature capitalism. (Am I the only one who hears the the Fry & Laurie Dammit sketch, itself mocking business-set melodrama, when the apprentices talk?) It is alarming if the Tories think that the public might think that the appointment is any more than more window-dressing, and more alarming that they are engaging in manoeuvres to reinforce that impression. They should be mocking a Government that holds reality TV to be a model for reality. But what if both Mitchell and I and all the other cynical commentators are wrong, and the Conservatives are wisely containing a real threat? What if the public is impressed? June 14th, 2009 | 8 comments - (Comments are closed)
Whereas I thought readers of this blog would be interested, given we have previously discussed the creeping nationalisation of charities and other voluntary organisations by Britain’s Borg-state. For foreign readers I hope it throws light on an icy subtle totalitarianism. What makes this doubly creepy is that it is a legal policy seminar. That hints at further powers perhaps to coerce the ‘third sector’, as well as to co-opt and to corrupt it. Though the new Companies Act 2006 constrains the independence of action of commercial firms and non-profits in unclear ways, it is yet a shadow in the corner. So if you are a voluntary organisation but not a charity, don’t spend money on party politics, and don’t accept government or local authority or quango or bound-charity money, then you are currently still beyond state control and not obliged to provide a ‘public benefit’.
June 12th, 2009 | 15 comments - (Comments are closed)
London is today in the grip of a tube strike. Tube as in underground railway. For a brief summary of the anti-strike arguments, try Burning Our Money. (Burning Our) Money quote:
In other words, another bit of earth will get scorched. June 10th, 2009 | 10 comments - (Comments are closed)
Here is a highly thought-provoking article in Forbes magazine about the phenomenon it refers to as “gentry liberalism” – a term designed to capture the mindset of the sort of person who has voted for New Labour in the UK and Mr Obama’s Democrats in the US. It is, of course, such a shame that the word liberalism has been bent out of shape to mean something rather different, but the underlying logic of the article is hard to contest. Of course, Mr Obama has a while yet in power, but if I were one of his campaign managers, I’d look at the massacre of left-of-centre parties in Europe with a certain amount of forboding. He’s not invincible, not at all. June 10th, 2009 | 9 comments - (Comments are closed)
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