Markets are good, but we need clear signals
Perhaps the most enjoyable aspect of the general election result is the abuse which is now being heaped on the metropolitan liberal elite from many quarters. Theirs is truly a difficult mind set to comprehend, based as it is on an unshakeable belief in their own omniscience. Yet this is confounded on an almost daily […]
Onion Economics
There is something about onions which brings out the worst in bureaucrats. Orlando Figes’ A People’s Tragedy chronicles the early years of the Russian revolution. Under war communism, the Bolsheviks attempted to exert state control over the entire economy. A long list of vegetables was drawn up, specifying the prices at which they could be […]
