Category Archives: Economics

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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Football Review: Manchester City vs Real Madrid 17th May 2023

Expectations were sky high. Two giants of European football playing in the semi-finals of the Champions League. What could possibly go wrong? Real Madrid froze. The anticipated titanic match between “galácticos” became a mismatch. Real relied on their world class … Continue reading

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Premium Bonds Ride Again

Premium Bonds were introduced by Harold MacMillan in 1956.1 His insight was inventing a gamble where you could get your stake back, in full: Neo-gambling, as it were. MacMillan’s Premium – note the word – Bonds had monthly ‘prizes’ instead … Continue reading

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