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Tom G. Palmer, a writer I greatly admire, nicely calls out some rather boorish behaviour by the leftist writer, Jonathan Chait. I am a bit surprised: I always figured that Chait was one of the more reasonable leftists, so it seems a bit disappointing that he is a sneering jackass. Mr Chait’s powers of reasoning are in any event, somewhat over-rated. I fisked something by him in relation to the Great Depression some time ago. February 2nd, 2010 | 2 comments - (Comments are closed)
 Given that we think, as most of us seem to do, that the production of such goods as cars, vacuum cleaners, and frozen vegetables should take place in a regime of market competition, why do so many among us nevertheless agree that it makes sense to exclude the production of money from these same forces? Why must the production of money be entrusted to a monopoly called the central bank? – My thanks to Jerzy Strzelecki for drawing my attention to this mises.org piece by him, written when the recent banking tumult was at its most tumultuous, entitled The School of Salamanca Saw This Coming. Quite brief and well worth a read. You don’t have to believe in God to understand phrases like “usurpations of God’s knowledge”. February 1st, 2010 | 32 comments - (Comments are closed)
Tiger Airways flight 308 (Singapore – Hanoi). Jan 31, 2010. Just out of interest, although this couple were watching a movie together on an iPhone screen in an impressive display of marital harmony, they did have his and hers iPhones regardless. Perhaps even more impressively (if you are Steve Jobs, anyway) all five people in my row on the plane were at one point using iPhones or iPod touches simultaneously. I think all of us would have our experiences enhanced using the larger tablet. On the other hand, Apple victim as I am, I don’t think I will be getting one myself. For me, the killer issue is the lack of an SD card slot. Normally, I travel with a netbook, and I am constantly taking photographs and backing them up. I do not want additional accessories that I have to remember to bring with me and can lose along the way. I certainly do not want additional accessories that have proprietary Apple connectors and that I cannot replace in obscure shops in strange parts of the world. No SD slot but works with USB card reader = annoyance. No SD slot and card reader with proprietary connector = deal breaker. This is a shame, because iPad as media player, web browser, and photo management tool that would import my photos to iPhoto and then sync with my Mac when I got home would be great. Plus there is the small matter of VLC and a bit-torrent client, which for unstated reasons that are fairly obvious, are much more useful to me when on the road than when at home, but let’s not mention that. This may be less of a deal breaker, as I suspect there are teams of jailbreakers and hackers on the job already. February 1st, 2010 | 11 comments - (Comments are closed)
In my browsing through the Web I enjoy the site of David Thompson. After getting a pointer from Brian Micklethwait on his own site, I started to check in on Mr Thompson’s site pretty regularly. On Fridays, he manages to get his hands on all sorts of weird and wonderful stuff, often with fabulous photographs. Well, if you have thought of living in a tree house (as I did as a young boy on my parents’ farm in Suffolk), then check out this. January 30th, 2010 | One comment - (Comments are closed)
“When one studies the history of money one cannot help wondering why people should have put up for so long with governments exercising an exclusive power over 2,000 years that was regularly used to exploit and defraud them.” F.A. Hayek, Denationalisation of Money: The Argument Refined. Page 33. Published by the Institute of Economic Affairs and Ludwig Von Mises Institute. The book is quite challenging and complex in some of its arguments, but I find the broad thrust of it – that competition is good for currencies as it is for other aspects of economic life, to be unanswerable. January 30th, 2010 | 16 comments - (Comments are closed)
Tim Worstall takes a look at what sort of thoughts rattle around inside the head of the man likely to be Britain’s next finance minster, George Osborne. He does not like what he sees, and in the process, makes this vital point:
Or as PJ O’Rourke once put it when taking Marxist economics (surely a contradiction in terms, Ed) apart, the problem with the left, in general, is that they cannot accept that the value of anything in a market is ultimately no more or less than what a person wants to pay for it. That makes such leftists angry. Well, that’s life. January 29th, 2010 | 38 comments - (Comments are closed)
The Channel Four report on the issue can be seen here on their internet TV viewer (which ought to be called the FourPlayer, but is regrettably known as Channel4OD). Their report is clearly from a green perspective, but does at least cheer us all up with a snippet from the Hide the Decline video. Choice quote from Bob Ward “if you are less than transparent then people think you might be hiding something”. To which one is tempted to respond that if you say you are hiding something, people might also conclude that you are hiding something. Like a decline for example. – Bishop Hill stays right on top of the ongoing Climategate story. If you have not already done so, order your copy now of the Bishop’s recently published book, The Hockey Stick Illusion: Climategate and the Corruption of Science. Before Christmas, the Bishop (aka Andrew Montford) talked with me over the phone. Be warned that there are some seriously annoying clicks right at the start of this, but after a couple of minutes they go away and the remaining half an hour or so is okay. That caveat aside, listen to that here. January 29th, 2010 | Comments are closed
Andrew Neil, former Sunday Times editor, now TV pundit and all-round-media mogul and stirrer, has a fine column here about the latest developments surrounding the scientific credibility, or lack thereof, of the IPCC. I notice that the Times (of London)’s front page splash is on the unfolding scandal of what sort of data has been concealed as inconvenient to the AGW alarmists. As some of us have noted in recent weeks, the MSM has been a very slow – to put it politely – to pick up on this issue. But not now. The other night, the issue even figured on the evening news on the BBC’s flagship news channel. Of course, it is unclear how far the effect of these stories will go. The other day, chatting to an investment manager who was talking about a climate change fund he was promoting, I casually mentioned the University of East Anglia scandal, and he gave me a funny look. The problem is that a lot of money is now tied up with this AGW stuff, not to mention a lot of political credibility. All of which proves a point that the new media forms are now breaking stories that could and should have been broken in the days of yore. The internet is having an effect. I’d even go so far as to say that one of the reasons why Barack Obama cannot count on fawning coverage any more is because, while the MSM was in adoration mode, the internet and related channels ensured that the less flattering aspects of his administration got attention. And sooner or later, people noticed. January 28th, 2010 | 27 comments - (Comments are closed)
I see that today’s Samizdata quote of the day spot for today has already been taken. By me, but taken. Had it not been, I might instead have offered this:
As I often have (or at any rate want) to remind people when I shove up an SQOTD, the fact that I think whatever it is to be a snappy bit of prose doesn’t necessarily mean that I completely agree with it, even as I usually reckon it to have its heart in the right place. A complaint about the above quote, for instance, is that it omits to mention the most obviously foolish of all state activities, which is that states now routinely insist on striding onto the pitch and trying to play, like that embarrassing games teacher played by Brian Glover in the movie Kes, even as (like Brian Glover) they continue to be the ref. I recently heard President Obama say on my television that the job of President is (I quote from memory as best I can) “making decisions and helping people”. President Obama thinks that he should be both the referee and a player, in other words. And since he cannot possibly help everyone in the USA, he ends up playing for one side (helping only some people) against the other side (at other people’s expense), and his refereeing gets bent out of shape to reflect his competitive preferences. Presidents shouldn’t be helping. They should be maintaining and defending the circumstances within which people can help themselves. January 27th, 2010 | 25 comments - (Comments are closed)
The fascinating thing about this response is that it demonstrates that Cameron, whose only claim to fame is that he is a politician, isn’t even very good at politics. – Richard North describes Conservative Party leader David Cameron’s stonewalling response to suggestions that he might want to rethink his attitude towards the climate change debate January 27th, 2010 | 12 comments - (Comments are closed)
The new enemy is salt. Here is an interesting example at an early stage of how calls for legislation leap from study to implementation. A survey has looked at salt.
Just one study and even then, dietary recommendations are notorious for lack of reliability. But the recommendation follows like day after night:
Precise, costed benefits that bear little resemblance to reality, but a comparison with the other devils of public health is utilised to define a ‘collective benefit’. Thus the call for legislation by the European Society of Cardiology:
Throw in a publicity week and the NGO for good measure:
Add salt! January 26th, 2010 | 34 comments - (Comments are closed)
We should not forget, here in the UK, that dislike of the state-financed broadcasting network of the BBC has been going on for some time. Here is Kingsley Amis, the author and lecturer, writing in 1984:
The point, however, is that the focus on entertainment has arguably increased since the late Mr Amis wrote those words back in the era of Mrs Thatcher. As a consequence, the paternalistic intentions of the creators of the BBC have been frustrated to a remarkable degree. When Amis commented on the BBC, he at least was part of a country in which it was assumed that the BBC’s controllers felt that they had some sort of mission to educate and inform – not that this justified coercive funding even then. But the paternalism was at least fairly blatant. Now even that sense of mission appears to be more evident in the breach rather than the observance. The contradictions posed by the BBC’s funding model are unendurable. The quote is taken from The Amis Collection, page 257, published in 1990. I am not sure if the book is still in print. January 26th, 2010 | 16 comments - (Comments are closed)
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