Unintended consequences and perverse incentives from political choices
Latest Blog Entries
Letter to my employees about the Brexit referendum
All, The CBI think that bosses should inform employees about Brexit. http://news.sky.com/story/1697273/bosses-told-to-warn-workers-of-brexit-risks This patronising suggestion is typical of the Confederation of Big Business, and of a Remain…
20 May 2016
Promote industry. Bag a banker.
Boris Johnson is quoted in MoneyWeek as having said to Management Today: "To the banker bashers I say, what's your economic model? We can't ignore and hate the bankers. What would that achieve? Show me how reducing financial services boosts…
17 Jan 2011
How small of all that human hearts endure That part which laws or kings can cause or cure!
And in order to refloat the economy whose functioning has been so largely impaired by past interventions, those same critics of capitalism clamor for more interventions, more planning, and hence a further emasculation of our economy. It is as though one poured sand into an engine and then hoped to start it up again by pouring in more sand.
Bureaucracy is not an obstacle to democracy but an inevitable complement to it.