This is why he’s not been around

Political discussion in the UK should henceforward stick to the propositions advanced by Larry Elliott. “Liberalising markets did not lead to economic nirvana; instead the orgy of speculation led to the financial crisis of 2008 … The record shows that the managed capitalism of the cold war delivered better results than the unmanaged capitalism since.”

So Managed capitalism should therefore include a land value tax to control property price inflation which got out of control in the liberalised markets immediately prior to 2008, although LVT was the stabilising element in the laissez-faire system proposed by Adam Smith in The Wealth of Nations in 1776. People will eventually rumble that increasing the money supply only makes matters worse if it just inflates land values and, by taking undue rents and mortgage payments, diminishes demand for goods and services that people produce.
DBC Reed

Ahhh, shit

This is the hardest post I have ever had to write. It’s nearly three in the morning and I can’t sleep, so I am putting my thoughts onto the page, because I need to.

On Friday, Mrs L, that anchor who travelled along side me as I navigated life, who was always there, with a quiet word, who shared my strange humour, died of the cancer that had made her so ill this past few months.

Err, yes Katie

Hopkins said the aim of Hopkins World is to “tell the stories not being told”.

She said in her first column: “When so many platforms are under the control of the Saudis, tied to fickle commercial advertisers or beholden to special interests and religious lobbyists, it is a real thrill to find a place for us to speak without censorship.

“If you hear yourself saying: ‘I’m not supposed to say this, but …’ then I am here to reassure you that you are. Your views matter. You matter.

“With this platform provided by Rebel Media, and the kind support of my sponsors, subscribers, and adversaries, we will be heard.”


My own experience is that you don’t need all that for the voices to be heard. You do if you’re to make a living doing it….

Eoin Clarke supports tax dodging!

So, Eoin Clarke’s old blog now tells you how to avoid estate taxes.

If anyone has ever been immortal they have kept it a well-guarded secret, because that just isn’t how the life cycle works. Part of this cycle includes taxes and death and it is inevitable. Having established the fact that you will die, it only makes sense to start preparing now, for unforeseen events and tragedies that can leave everyone devastated should you have an untimely death. Having adequate protection for those you love is protecting their welfare from the grave through an extensive estate plan. Without estate planning, your survivors could see strangers take what was meant for them and this is would be an especially sad day for your family and loved ones.

The guys over at Stone Sallus Law say that you

This is one of those pieces written to get a bit of cash from people looking for a better Google position.

Times must be hard in the Irish feminism business then, eh?

Spotter, RichardT

Oh yes, very good, very good indeed

No, don’t ask, just go read it.

America was the most important thing in the world at the turn of the twentieth century, but no one knew it yet. It took World War I to demonstrate what paper tigers the European empires had become. America flipped the 19th century script and went to Belleau Wood with all the fury of a father turning the car around. When it was over, we shirked the big mantle and went back to our cornfields. We avoided the responsibilities of a great power until the hakenkreuz and the rising sun were waved right in our faces. We shrugged and rolled up our sleeves and pounded the world flat again, because that’s the way we liked it. It’s easier to drive on.

Then came the fifties. The Soviets stood there, leering over half the globe, and said they would bury us. We yawned. We had the sobriety of Eisenhower on our side. We had the muscle of finned cars rolling off assembly lines uncounted with a sunburned arm out the window on day one.

The perfect typo

I have recently tired my hand at writing

From here.

No, I’ve checked, it was a typo. But what a lovely one, he’s trying to point out that this classical liberal thing is the way to make the poor richer, to allow the dispossessed to possess and so on and the slip from I have tried to I have tired my hand is simply lovely.

He’s not entirely right as I’m not and nor are you. But try it out, anyone capable of creating, by a slip, a phrase that I’m going to steal (and oooh, I will) is worth a try.

I recognise these two

Nor do entry barriers guarantee quality. Indeed, many of the faults blogs are accused of apply as much to old media, where they played out in elephantine slow motion and with a tenured complacency symptomatic of a medium blessed with too much protection from competition. Some of the most questionable analysis I have ever read came dressed in academic clothing, and is all the more dangerous for that. One paper from Sheffield academics, for example, purported to prove that Britain doled out £93bn of corporate welfare and had Labour politicians hopping with excitement. Another I recall from 2009 was an analysis issuing from a “radical” think-tank, claiming to show that childcare workers generated £7 for every pound they are paid, while advertising executives destroyed £11.

That seond was described by Giles himself as “not economics frankly” and I was one of those who leapt in upon the first.

Not a great job recommendation this

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OK, so spammer looking for SEO web work. Here’s the bit that’s not a great recommendation:

Hello, Team,

Hope you are doing well.

I thought you might like to know some reasons why you are not getting enough hits/visitors and conversion for

I have absolutely no connection whatsoever with that website.

Question for libel lawyers

What’s the definition of “substantial” in “substantial undisclosed donation to charity” in settlement of a libel claim?

Is it one of those things like “he remained unmarried” which means “gay as a nine bob note” or does it have a more variable meaning?

News story for the VX Boy

This article in the today’s NY Times discusses how musicians who play near the site where John Lennon died have had trouble managing the common resource of a strategically placed park bench. Currently, however, they have worked out an informal arrangement that appears to work well. The article reminded me of the work of Elinor Ostrom, who was awarded the Nobel Prize in part for her work on self-governance of the commons.

Given that said VX Boy is the economics professor who has actually done this very thing, shared dogging busking sites.

These people are insane

I’ve done a few pieces over at Forbes about shipping prices, Baltic Dry and so on. Zero Hedge is saying that world trade has stopped. I say that trade volume is slightly up, shipping supply is largely up, prices of shipping thus fall.

And I have people quoting things like this at me:

Maersk owns the world’s largest container shipping company and is seen as a bellwether for global trade, which it estimated grew just 0-1 per cent last year against double-digit growth before the financial crisis. It forecast an increase of 1-3 per cent this year, still below its post-crisis estimate of 4-5 per cent growth.

From the FT to prove that I am wrong and ZH and the catastrophists are right.

These people are insane, right?


Dunno why folks but this blog isn’t telling me, via gmail, when there’s a comment. It appears to be still set up so it should but it doesn’t.


Ahh, OK, Gmail was thinking that everything , but everything, is spam.