
Always remember the market test
19 Apr 2019 Leave a comment
in applied price theory, defence economics, economics of information, energy economics, entrepreneurship, industrial organisation, survivor principle Tags: cranks, entrepreneurial alertness

DNA Databases Deter Crime, Without Filling Prisons
19 Apr 2019 Leave a comment
in applied price theory, economics of crime, law and economics, occupational choice, politics - USA Tags: crime and punishment, criminal deterrence, law and order
That anti-fascist left is still absent without leave.
18 Apr 2019 Leave a comment
All I have argued, here and elsewhere, is that a left that no longer shows solidarity with the victims of totalitarianism–unless, of course, that totalitarianism can somehow be said to be the “fault” of the United States–is not a left worth having.
Nick Cohen: Writing from London
Todd Gitlin wrote a reply to my above review, which in my view missed every available point. You can decide for yourself by going to the Democracy site and searching for Gitlin.
Our exchange of letter in the current issue is below. Gitlin argues that he was criticised by Chomsky and the far Left in the Nineties and that excuses his uneasiness about showing solidarity with the victims of Islamo-fascism today. But that only goes to prove the argument I made in What’s Left? that extreme anti-western, anti-liberal ideas which began in obscure corners of the left in the Nineties, moved into the mainstream.
Anyway. Here is our exchange.
Issue #12, Spring 2009
Letters to the Editor
by Democracy Readers
Left, Right, Left . . .
Suppose officials in the Obama Administration are anxious to find ideas to guide America in a new direction. They might turn to Democracy and read Todd…
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Joseph Crampin: Precedent for Delaying Royal Assent: A Response to Professor Finnis
17 Apr 2019 Leave a comment
UK Constitutional Law Association
The ‘Cooper-Letwin Act’ (European Union Withdrawal (No 5) Act 2019) may yet come to be known as the constitutional crisis that wasn’t. But, the advocacy by some of the Government’s ability to advise the crown to refuse assent in order to legitimately prevent the Bill from becoming law has provoked significant debate. The object of this post is not to address the question of whether the Government can properly advise the Crown to refuse royal assent (among others: advocated by John Finnis, Robert Craig; rejected by Mark Elliott, Jeff King and Tom Poole). The aim is to address the slightly different issue, raised by Professor Finnis, that the ‘Lord Chancellor’ can legitimately withhold Bills from presentation to the Monarch (considered in terms of constitutional principle by Elliott and David Howarth). On this point, I suggest that Professor Finnis’s argument is constitutionally mistaken, as a matter…
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MIT Atmospheric Physicist Richard Lindzen Offers A Few Words
17 Apr 2019 2 Comments
Climate change is an urgent topic of discussion among politicians, journalists and celebrities, but actual climate scientists are not so much click-bait as real celebrities, and journalists seem more interested in click-bait than deeply informed commentary. We seem to be transforming into a society that values popularity more than accuracy, or perhaps we always were, but it just wasn’t as obvious as it is today. Richard Lindzen is one of the most esteemed climate scientists in the world, and one to whom you should pay attention.
The cult of St Jeremy
16 Apr 2019 Leave a comment
Nick Cohen: Writing from London
The few people not caught up in leader worship in Brighton asked how the cult of Jeremy Corbyn’s personality would die. Would his support for Brexit drive his young admirers away? Have we reached peak Corbyn? They forgot the lesson of history that you don’t worry about personality cults that fail. You worry when they succeed.
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You’re Calling Me “Anti Science?”
16 Apr 2019 Leave a comment
A brief run-through of some of the problems with ‘man-made warming’ theories, which so often get swept under the carpet and treated as unmentionable.
One of the main accusations launched by climate activists is that anyone arguing against man-made global warming is “anti-science.”
They tell us that the science is “settled,” and that anyone who objects is ignoring a blindingly obvious set of facts.
But what to do about someone like me, asks Steven Wright in Climate Change Dispatch?
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How long is a Parliament?
16 Apr 2019 Leave a comment
In this blog for the ‘Named Parliaments’ series, Dr Paul Hunneyball, Associate Editor of the House of Lords 1604-29 project, explores the length of parliaments, paying particular attention to the Short and Long parliaments of the 1640s and 1650s…
Down the centuries, the length of parliaments has
varied enormously, from a few days to a decade or more. That being the case,
it’s perhaps surprising that the Short and Long parliaments, both of which
opened in 1640, are almost unique in being named according to their respective
durations. (Barebone’s Parliament of
1653 is sometimes referred to as the Little Parliament, but strictly speaking
it was a nominated assembly, and can therefore be set to one side.) In part the
explanation lies in the events of these two parliaments, rather than their simple
longevity – or lack of it – but in order to make sense of all that…
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Why Green Energy Won’t Work In The Alarmists’ Future
16 Apr 2019 Leave a comment
Image credit: MIT
If the global warming nightmare was to happen, solar and wind systems simply don’t work in high-heat environments. So why are activists pushing them, asks Climate Change Dispatch?
Everything, and I mean everything about the man-made global warming movement is rotten to the core, says Dr. Joel Adams.
Tens of thousands of our own brave and brilliant scientists, as well as websites such as Climate Change Dispatch, are fighting the good fight against the climate change fraud every day. It’s a fight we are working hard to win.
I just completed a 435-page book on the subject of climate change fraud and the people and motivations behind it.
I discovered that as bad as the scientific fraud is, the motivations behind it turned out to be worse. These motivations are to put it in a few words: money and a political totalitarian power grab by…
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Arthur Burns and How Things Fell Apart in the 1970s
16 Apr 2019 Leave a comment
Back in 2013 Karl Smith offered a startling rehabilitation of Arthur Burns’s calamitous tenure as Fed Chairman, first under Richard Nixon who appointed him, later under Gerald Ford who reappointed him, and finally, though briefly, under Jimmy Carter who did not reappoint him. Relying on an academic study of Burns by Fed economist Robert Hetzel drawing extensively from Burns’s papers at the Fed, Smith argued that Burns had a more coherent and sophisticated view of how the economy works and of the limitations of monetary policy than normally acknowledged by the standard, and almost uniformly negative, accounts of Burns’s tenure, which portray Burns either as a willing, or as a possibly reluctant, and even browbeaten, accomplice of Nixon in deploying Fed powers to rev up the economy and drive down unemployment to ensure Nixon’s re-election in 1972, in willful disregard of the consequences of an overdose of monetary stimulus.
According…
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“Friedman Friday” (“Free to Choose” episode 3 – Anatomy of a Crisis. part 1of 7)
16 Apr 2019 Leave a comment
Milton Friedman’s Free to Choose (1980), episode 3 – Anatomy of a Crisis. part 1
FREE TO CHOOSE: Anatomy of Crisis
Friedman Delancy Street in New York’s lower east side, hardly one of the city’s best known sites, yet what happened in this street nearly 50 years ago continues to effect all of us today. Wall Street. Most of us know what happened here 50 years ago. Inside the Stock Exchange on October 29, 1929, the market collapsed. It came to be known as Black Thursday. The Wall Street crash was followed by the worst depression in American history. That depression has been blamed on the failure of capitalism. It was no such thing but the myth lives on. What really happened was very different.
Although things looked healthy on the surface, business had begun to turn down in mid 1929. The crash intensified the recession. So did continuing bank…
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The Double Helix by James Watson (1968)
16 Apr 2019 Leave a comment
A great read when I was in high school
The short paper by James Watson and Francis Crick establishing the helical structure of the DNA molecule was published in the science journal, Nature, on April 25, 1953. The blurb of this book describes it as the scientific breakthrough of the 20th century. Quite probably, although it was a busy century – the discovery of antibiotics was quite important, too, not to mention the atom bomb.
James Watson and Francis Crick with their DNA model at the Cavendish Laboratories in 1953
Anyway, what makes this first-person account of the events leading up to the discovery such fun is Watson’s prose style and mentality. He is fearless. He takes no prisoners. He is brutally honest about his own shortcomings and everyone else’s and, in doing so, sheds extraordinarily candid light on how science is actually done. He tells us that foreign conferences where nobody speaks English are often pointless. Many scientists…
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Shamima Begum may not deserve your sympathy, but she is entitled to legal aid
15 Apr 2019 Leave a comment
Another weekend, another flurry of anti-legal aid stories finding their way into the tabloids. On the criminal legal aid front, The Mirror splashed outrage at the notion of Andrew Hill, the pilot acquitted of manslaughter following the Shoreham Airshow tragedy, “getting” legal aid to mount his successful defence at his criminal trial last year.
It’s one thing when The Mirror – a market leader in legal aid trash news – whips its readers into uninformed apoplexy over criminal legal aid being granted to those who are, after a fair trial only possible because of legal aid, convicted. But it breaks bold new ground even for this organ to resent legal aid being granted to a man whom a jury has found to be not guilty.
Then this morning, the Daily Mail, in a headline which may stand out as the apotheosis of journalistic legal ignorance, announced:
“Shamima Begum is…
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“Friedman Friday,” EPISODE “The Failure of Socialism” of Free to Choose in 1990 by Milton Friedman (Part 1)
15 Apr 2019 Leave a comment
Milton Friedman: Free To Choose – The Failure Of Socialism With Ronald Reagan (Full)
Published on Mar 19, 2012 by NoNationalityNeeded
Milton Friedman’s writings affected me greatly when I first discovered them and I wanted to share with you. We must not head down the path of socialism like Greece has done.
Ronald Reagan introduces this program, and traces a line from Adam Smith’s “The Wealth of Nations” to Milton Friedman’s work, describing Free to Choose as “a survival kit for you, for our nation and for freedom.” Dr. Friedman travels to Hungary and Czechoslovakia to learn how Eastern Europeans are rebuilding their collapsed economies. His conclusion: they must accept the verdict of history that governments create no wealth. Economic freedom is the only source of prosperity. That means free, private markets. Attempts to find a “third way” between socialism and free markets are doomed from the start. If…
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