Category Archives: Economics

The cost-of-living crisis: Mayfair, London, 2024

If you’ve ever balked at the rising cost of your daily cappuccino, you may want to steer clear of a coffee shop in London that charges as much as £265 a cup. The moodily lit Shot London, in Mayfair,1 offers … Continue reading

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Interview for a gig job

Manager: Where do you see yourself in five years’ time? Gigi worker: At the bottom of the pile. Manager: You’re hired.

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The Nanny State and Climate Change

We are also taking every opportunity to encourage low-tax member states to increase their tobacco taxes on health grounds. For example, during the United Kingdom presidency of the Community we held a seminar in London for health and tax officials which produced useful conclusions on … Continue reading

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School Uniform: Time for a Re-think

Causation means that a change in one variable causes a change in another variable. Correlation means there is a statistical association between variables.1 In Britain school uniform is a quasi-religion. Not wearing it can be punished by exclusion from school. Why? What’s … Continue reading

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COP28: And Greta said what?

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Chris Rock on Gun Control

The gun lobby always says, well, people need the right to protect their property. Every mass shooting is done by a guy who lives with his mother. I honestly believe you should have to have a mortgage to buy a … Continue reading

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Modern Inflation: Shrinkage

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The world’s greatest economist explains capitalism

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Jeff Bezos and Charity

Jeff Bezos is a multi-billionaire1 and gives large amounts of money to various charities. The most recent of which is $123 million for fighting homelessness.2 This is an eye-catching amount. Some might regard it as stupendous. But is it? Bezos … Continue reading

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Warren Buffett’s Wealth Recipe is Flawed

“My wealth has come from a combination of living in America, some lucky genes, and compound interest.” Multi-billionaire Warren Buffett Geography Buffett claims being American was a necessary condition to his success. He’s wrong. In America racial identity helps define … Continue reading

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