I’m grateful to an anonymous commentator on a The Register story for this, which deserves a wider audience.
Are there any other examples? Does anyone have an estimate of how much it cost?
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David Mamet, the US playright who for most of his adult life thought of himself as a liberal in the US sense – ie, a leftist with a favourable view of government – has had a sort of epiphany:
He finishes thus:
Interesting. Sowell is primarily an economist – and a great one – rather than a philosopher, although he has written on the topic (his debunking of Marxism is first-class). Even so, Mamet joins that small but influential group of writers, like Christopher Hitchens, Martin Amis and others who have become disenchanted with the default mode of big government worship of their peers. Mamet deserves applause for writing this piece; it appears in the Village Voice, and I bet his readership will get a sharp dose of the vapours. March 13th, 2008 | 19 comments - (Comments are closed)
 Down in the dreary bowels of the Financial Times’ website, which has a list of what we happy people can expect in today’s budget, is this classic of FT understatement:
No shit, Sherlock. In plain English, the vast debt bill incurred in the government’s Private Finance Iniative will not be put on to the public balance sheet for a while yet. How jolly conveeenient. If the PFI debt was so accounted for, it would add tens of billions of pounds of debt to the public balance sheet, making the state of the UK public accounts look positively Italian. As I have said before, this “off-balance-sheet” stuff is a curse of modern finance, and should be scrapped. March 12th, 2008 | 25 comments - (Comments are closed)
The following headline appeared in The Times (of London) this morning: Greggs chief attacks speculators for driving up the price of wheat
Ah, bash the speculators. Where would we be without those terrible people? It may be that some of the high price of wheat – now over $13 a bushell and up 118% in the past 12 months – is down to hordes of greedy, Gordon Gekkos bidding up prices for the stuff, but these people make a living by trying to correctly guess future prices and act on imperfect information. They cannot, however, defy the laws of economic gravity. If supplies increase, as is likely if prices are so high and there are big profits to be made growing the stuff, or if demand slackens, as people use wheat substitutes, then all that speculative mania will fall away. In any event, unless this business executive or other folk have looked at what happens when wheat is no longer traded as a commodity but handled by government regulations, they will realise the nonsensical nature of bashing speculators. In the 1980s, years of agricultural subsidies led to the infamous “wheat mountains” that were subsequently dumped onto the world market, hitting producers in the Third World. Now consider this headline: Bread basket that is left to grow weeds The item goes on to explain that large tracts of good, agricultural land in Eastern Europe are lying fallow, ie, un-planted, because of tariff barriers and other restrictions. The Times rightly hammers the EU’s wretched Common Agricultural Policy, the USA’s farm support system, and other regulatory controls on farm production, for contributing to this farce. It is a joke to attack speculators, who after all bet their own or their banks’ money on trying for forecast supply/demand trends, when it is politicians, who rarely, if ever suffer the consequences of bad investment decisions, who get to bugger up global agricultural markets in this way. At least if a bank or hedge fund gets a bet wrong, the principals in the fund get bankrupted, or executives are sacked. This does not always happen, of course, but generally the market is much tougher on mistaken bets than the political system is. As prices soar in the shops and hit poor consumers, the petty meddling of Chancellor Alistair Darling in today’s budget statement is small beer indeed. Great former UK politicians like Robert Peel have put free trade front and centre of their economic philosophy. It would be a welcome step if western governments today did the same. March 12th, 2008 | 15 comments - (Comments are closed)
Down in the West Country, fires are being lit:
The excellent speeches from that rally can be viewed here. I spoke to Sean Gabb the following day. He told me that he perceived a ‘great suppressed anger’ among the people he met. Good. March 12th, 2008 | 23 comments - (Comments are closed)
[A blogapotamus] Mr Speaker, Income tax is an evil. It is an evil not because it is a tax, but because of the way it works. First, it takes from the citizen the choice of how to spend his money. Indirect taxation, though often in the past tweaked to show the state’s displeasure at certain choices, still leaves you a choice; to spend or save, and whether to have booze, burgers or broccoli for lunch. Second, it requires the tax authorities to enquire how you obtain your money and how you spend it. The existence of exemptions and allowances, of deductible business expenses, returns and taxes management is essential to the operation of a system that would widely be seen as unfair if it fell as heavily on the pauper, the producer, and the rentier drone. But the existence of allowances and schedules, and latterly tax-credits, means people rightly use their rights, and the Revenue is incentivised to regard everyone as a cheat, to treat careful self-management as a form of fraud, and press for more powers and more bureaucracy. The system becomes ever more complicated, by special pleading and anti-avoidance; the complication allows for ever closer investigation of personal affairs, ever more complicated and impenetrable forms, and ever harsher treatment of the negligent, confused or exhausted taxpayer. The result tends to a system of brigandage, where the law of collection is as uncertain as the Tax Inspector’s patience, where the small taxpayer is as much prey as he has fat on him, and only someone rich enough to fight a case as far as the House of Lords will ever find out what the law is. Having made the travellers empty their pockets, the suspicious highwayman will resort to strip searches, then to probing body orifices. Anyone who has made tax or tax-credit returns for a few years has had a similar experience. Third through PAYE and deduction at source, it takes and spends your money before you get it. You may never notice it has gone. And if you do, and your financial knowledge is small, you may not realise how much of it has gone, nor make the connection between your vanishing money and state spending. That makes it easy for tens of millions of people to believe that it is always someone else who is paying for political promises. Yes, income taxation is great evil. It tends to destroy liberty, privacy, and personal responsibility. It may come as a surprise to the House and the country, therefore, that I, as the first Samizdatista Chancellor, am proposing to increase the rate of personal income tax. → Continue reading: Playing the budget game March 11th, 2008 | 23 comments - (Comments are closed)
I have just received my new passport. I am not British, and I will be deliberately vague about the country that issued it. The fee for getting it renewed was significantly higher than last time. I do like the nice touch of requiring me to pay a “priority fee” for getting the new passport in a reasonable time. The idea that we should help our citizens by being prompt and efficient in the first place is gone completely. Upon receiving the passport, I perhaps discovered the reason for the higher fee. The passport has a little logo of a chip on the front cover and on the details page. There is an insert stating that “This is an ePassport. This passport contains a microchip which stores the same information that as appears on the data age. The chip can be read electronically to confirm the identity of the bearer. This document complies with International Civil Aviation Organisation standards and incorporates security features to prevent illegal access to the information stored on the chip. See the centre page of the passport for further information”. My country is the sort of place that tends to be proud of being first on the block with respect to implementing fancy new international protocols, so I suppose this does not greatly surprise me. If the chip only contains the same data as the details page, then I rather fail to see the point, given that the passport is machine readable already. If the intention is to add more data to such chips later, I am not sure that the present “This is just a new way of storing the same data” claims are entirely honest. Storing digitally signed data on the chip probably does make sense and genuinely does make such a passport harder to forge. So I will concede that point. Still, making it possible to read the passport without requiring it to be opened seems to me to rather reduce my security rather than increase it. As for the security features to prevent illegal access, surely for technology to be useful it must be made possible for every border post in every country in the world to be able to obtain equipment for reading it. Even if I made the ludicrous assumption that I trust every government in the world, I still find it hard to believe that such a widely distributed technology would not fall into private hands. So, where from here. Well, as it happens I can turn to the centre page of the passport. This page is stiffer than the others, presumably due to having a chip embedded in it. It also has information written on it. “This passport contains sensitive electronics. For best performance, please do not bend, perforate, or expose to extreme temperatures or excess moisture”. So, which of those things should I try first? March 11th, 2008 | 25 comments - (Comments are closed)
Hysterical Guardian readers are getting absurdly upset. The reason? A member of the Samizdata team suggested that a new tax on prestige cars was more about the politics of envy than saving the planet. March 11th, 2008 | 13 comments - (Comments are closed)
The downfall of Eliot Spitzer has recently been celebrated on this blog, and rightly so. However, I believe the major casualty of the affair will prove to be Hillary Clinton, rather than Spitzer. This juicy scandal will deliver the Democratic nomination to Obama. You could almost – almost – feel sorry for Clinton; the press was only just starting to crack the shiny Obama veneer, when this had to go and happen. Who will pay any attention to Rezko and co. with this circus unfolding over the next few weeks? It will suck the oxygen right out of Hillary’s campaign at the critical juncture – just when it was catching fire. Not that Obama as the Democratic candidate will necessarily be a bad thing for the Republicans; the more I see and read of him, his views and his actions, the more I am convinced that Obama08 is John McCain’s smoothest path to the White House. March 11th, 2008 | 6 comments - (Comments are closed)
If I was a believer, I would be pouring a thankful libation right about now. Eliot Spitzer, one of the most nasty power crazed politicos in US politics today, perhaps second only to Oklahoma Attorney General Drew Edmondson in authoritarian thuggishness, has just shown that he who lives by the judicial sword, can oh so easily die by the judicial sword. To see a man who thought nothing of using the power of the state to intimidate those who dared cross him get caught in a Federal wiretap is… well… sweet. I love the smell of schadenfreude in the morning. Update: heh… just found an article in the New York Times which has almost the same title and sentiments Update 2: oh this gets better and better… not only has he resigned apparently, it is causing dyspepsia for his statist confrères at the Huffington Post. Happy days indeed. March 10th, 2008 | 53 comments - (Comments are closed)
Iran is also the theatre of very optimistic developments. Hashem Aghajari is an Islamic revolutionary-turned-history-professor. He was one of the student activists of 1979 who later fully participated in the brutal repression after Khomeini’s coming to power. He is now challenging the infallibility of the ruling mullahs and calls upon Iranians to think for themselves instead of blindly accepting whatever is preached in Friday sermons, a piece of advice for which he has been sentenced to death. But he is now supported by the students and professors at most of the country’s universities and thousands of ordinary citizens, workers, and cultural leaders. Where Aghajari wants to reform Islam; the students want a total separation between mosque and state. He wants an Islamic Reformation, but the demonstrators are interested in the creation of a secular civil society. He is a reformer, but they are revolutionaries. – Ibn Warraq who is both optimistic (as in the above quote) and pessimistic (as elsewhere in the same piece) about whether the Muslim world can become civilised March 10th, 2008 | 15 comments - (Comments are closed)
Michael Totten’s latest bloggage from Iraq is as informative as ever, but the thing that fascinated me most was a brief but interesting discursion into the use of the English word ‘Supermarket’ on a sign in a small town in Iraq.
I disagree with Michael’s use of the word ‘imperialism’ and I think he answers that point himself in the very next sentence. An even more demotic variation on the inexplicable prevalence of English puzzled me many years ago BB (Before Blogging). I spent some time in a few fairly rough parts of Croatia and one can hardly miss the prevalence of racist and sexist graffiti on the communist-era concrete tower blocks. The odd thing is that mixed in with the usually ‘Jebi Se’ varient epithets in Croatian, you will find floridly racist threats or extravagant anatomical references in more or less grammatically correct English. And this in an area that was not exactly a magnet for English speaking tourists, particularly in the middle of the then on-going war. The huge number of people who speak English in Croatia can be easily explained by the ubiquity of satellite dishes, which is why I often referred to the local Croatian English dialect as MTV English. But that does not answer the question of why in a linguistically and ethnically homogeneous area (such as unlovely New Zagreb in Croatia or Saqlawiya in Iraq), people use written English when there is no commercial or political pressures to do so. Interesting. March 10th, 2008 | 40 comments - (Comments are closed)
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