
The Observer’s Guide to The Thick Of It – Series 1, Episode 2
03 Jul 2019 Leave a comment
The second episode[1] is all about what it means to be a Minister and how making policy and delivering speeches are far from the only thing a politician should do. They also need to manage their time, know about The Bill[2] and take focus groups seriously.
Hugh arrives at the Ministry. “You’re late and you look like shit,” points out Glenn. The late nights of having to clean up various messes (see last episode) are taking their toll on the Minister, not helped by a long commute. We discover that Hugh has a wife called Kate and children, none of whom live anywhere near Westminster.
Semi-comatose, Hugh bemoans his life. “I work, I eat, I shower. That’s it. Occasionally I take a dump. As a sort of treat.” To ensure this moment of peace is attained, Hugh doesn’t even read New Statesman[3] whilst doing the…
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Elizabeth Warren Does Not Understand Economics
03 Jul 2019 1 Comment
A few years back, Mary Kissel who was at the Wall Street Journal at the time, remarked that Elizabeth Warren had only “a child-like understanding of economics”. That stuck with me because it was so accurate. Black unemployment is the lowest it has ever been. The economy is doing great. Food Stamp use is way down. New filings for unemployment benefits are at an all time low.
Democrats believe, as a matter of faith, that Republican tax cuts go only to the rich and to corporate chieftains. Democrats have no understanding of proportionality whatsoever. Since the rich pay way more in taxes, the same percentage of a tax cut will mean more money for somebody who makes far more. Worked for Ronald too, if you remember
That’s why tax cuts for business owners mean they have more leeway to invest, build, hire, grow their businesses and they do so. Ordinary…
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175 not out: the new edition of Erskine May and eight years of constitutional change
02 Jul 2019 Leave a comment
In March, Sir David Natzler retired as Clerk of the Commons after over 40 years in the House. Now, he is the co-editor of Erskine May, the 25th edition of which is the first new edition in eight years, and is freely available to the public: a significant change. Here, Sir David discusses some of the key changes to the text after what can only be described as an eventful eight years for the Commons.
The years since the last edition of Erskine May in 2011 have been pretty turbulent by any standards. We have had three types – coalition, majority and minority – of government, two general elections, three national referendums and numerous constitutional statutes of real significance. So it was plainly time for a new edition of this timeless work, which is often referred to but rarely read.
The new Erskine May is exciting to me because…
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Pluralism, Subjectivism, and Welfare Economics
02 Jul 2019 Leave a comment
Somerecentposts by Rauparaha at The Visible Hand in Economics have got me thinking about the problems of subjectivism and value pluralism in welfare economics. Rauparaha is using widely-accepted methodology and taking the conventional view on this, so my criticisms are not directed at him particularly, but at the general approach taken by most welfare economists. He says, for example:
It’s great to see the government taking economic incentives seriously. Their latest initiative considers imposing a 5c/bag tariff on plastic bags in supermarkets. The idea is that the market price for the bags doesn’t take into account the full environmental cost of non-biodegradable bags. By taxing the bags the government can adjust the market price of the bags to match their social cost.
It seems to me that the idea that government can use Pigouvian taxes and subsidies to internalise externalities stems from a combination of technocratic…
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My New Republic piece on the unnecessary death of Makayla Sault
01 Jul 2019 Leave a comment
I’ve rewritten Tuesday’s post on the death of First Nations child Makayla Sault. a martyr to her parents’ faith and the political correctness of the Canadian government (as well as the cowardice of some Canadian doctors); and it’s been published by The New Republic.
The rewritten piece is called “A little girl died because Canada chose cultural sensitivity over Western medicine,” and you might have a look to see what’s up there (according to Stephen Fry’s Dictum, I don’t read the comments).
But looking at it to make sure that my essay came out okay, I did see the first comment: kudos to Alex Musso for posting this familiar graphic:
Oh, and the editor at TNR found a heartbreaking picture of Makayla to head the piece. What an adorable child! She’s dead now, and didn’t have to be.

Ideology versus science (again): University of New South Wales urges professors to lie about the arrival date of Aboriginals
01 Jul 2019 Leave a comment
A reader sent me a link to an article from The Australian which, sadly, is behind a paywall (click on screenshot to see). It is the very height of shameless pandering to ethnic groups who accept false stories about their history, and it’s also the nadir of academic truth. (If you want a transcript of the entire piece, judicious inquiry will yield one.)
For you, dear readers, I’ll transcribe the relevant parts:
University science lecturers have been warned off making the familiar statement in class that “Aboriginal people have been in Australia for 40,000 years.”
It puts a limit on the occupation of Australia and many indigenous peoples see this as “inappropriate,” according to the University of NSW language advice for staff.
The document suggests that it is “more appropriate” to say that Aborigines have been here since the beginning of the “Dreaming/s” because this “reflects the beliefs of many…
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Tom Sowell’s “Discrimination and Disparities”
30 Jun 2019 Leave a comment
The brilliant Dr.Thomas Sowell explains about the origins of discrimination and clarifies the problems and the solutions. He is not only always quotable, but his insights are always valuable.
Robert Lucas on unemployment
30 Jun 2019 Leave a comment
in applied price theory, business cycles, labour economics, labour supply, macroeconomics, monetary economics, Robert E. Lucas, unemployment Tags: search and matching

Six constitutional questions raised by the election of the new Conservative leader
30 Jun 2019 Leave a comment

In less than one month, Conservative Party members will elect a new leader from a two-man shortlist. Under normal circumstances, what happens next would be obvious – Theresa May would resign and the winner would be called on by the Queen to form a government and take office as Prime Minister. However, with the Conservatives lacking a parliamentary majority and normal party loyalties skewed by Brexit, the current scenario is far from normal. Robert Hazell and Meg Russell identify six key constitutional questions that the Conservative leadership election raises for the winner, his party, the Palace and parliament.
With the Conservative Party leadership contest in full swing, the expectation is that Britain will soon have a new Prime Minister. But the process has opened up some significant constitutional controversies. This is the first time that party members will potentially directly elect a new Prime Minister, and this innovation is happening…
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Warmists Make Bad Investors
30 Jun 2019 Leave a comment

Terence Corcoran explains at the Financial Post: The world needs more of what Exxon is selling (and will for decades). Excerpts in italics with my bolds.
World demand for Exxon’s products, fossil fuels, is expected to increase and remain steady over the coming decade
It’s the kind of story that lights up headlines: one of Britain’s biggest fund managers started selling shares in Exxon Mobil Corp. because the global oil giant wasn’t doing enough to address climate change.
The investment fund manager, Legal & General Investment Management (LGIM), oversees $1.3 trillion, making it the 11th largest money manager in the world. Legal and General (as it is called) is also one of scores of investment management firms, activists and hand-wringing organizations that are part of the burgeoning global sustainable and environmental social finance and governance effort to promote collaborative engagement and foster responsible investment and divestment. The…
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Kudos to RNZ on how the government is ‘wasting our money’ aka how Ardern’s regime is spending their time – (1)
30 Jun 2019 Leave a comment
Earlier I posted ‘the dog ate my homework’ regarding the failure of several Ministers to reveal their diaries
Jacinda Ardern and Grant Robertson are leading from the front as the country’s busiest ministers, according to new data released by the government.
But the same data shows Winston Peters holding just a third as many meetings as the Prime Minister.
The Labour-led coalition has opened its ministers’ diaries to public scrutiny for the first time, revealing just how the people running the country spend their days.
While five ministers missed the deadline, RNZ has analysed the 85 percent of data available – more than 31,000diary entries. The diary entries reveal the Prime Minister unsurprisingly has the most appointments of anyone in cabinet, with 2512 and counting between the formation of the coalition government and the end of April.

Peters, the Deputy Prime Minister and leader of…
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Thomas J. Sargent – Keynote Address on effects of open borders
30 Jun 2019 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, development economics, economic history, history of economic thought, industrial organisation, international economics, macroeconomics Tags: free trade





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