https://twitter.com/toadmeister/status/631585303631921152
https://twitter.com/TheBigBlueBear6/status/633743084430344192
46% of Tory MPs don’t understand politics #ToriesForCorbyn @jeremycorbyn
19 Aug 2015 Leave a comment
in economics of media and culture, Public Choice Tags: British Labour Party, British politics, expressive voting, Leftover Left, rational irrationality
Won’t be a sober Tory in the Palace of Westminster on the night @jeremycorbyn wins
12 Aug 2015 Leave a comment
in Public Choice Tags: British Labour Party, British politics, echo chamber, expressive boating, information cocoons, left-wing populists, Leftover Left, rational irrationality
https://twitter.com/WikiGuido/status/630851446234316800/photo/1
Anti-establishment candidate with fringe views draws huge crowds in sure-fire guarantee of electoral success http://t.co/P7waxqUXrR—
Alex Wickham (@WikiGuido) August 03, 2015
What happened the last time a Labour PM was elected before Blair
08 Aug 2015 Leave a comment
in economic growth, economic history, income redistribution, macroeconomics, Public Choice, rentseeking Tags: British economy, British Labour Party, British politics, Tony Blair Blair
Quarters following general elections tend to see decent growth – especially 1979 http://t.co/bJarqD8Etj—
RBS Economics (@RBS_Economics) July 28, 2015
Labour Party misunderstands why a Tory MP tried to join to vote @jeremycorbyn
06 Aug 2015 Leave a comment
in constitutional political economy, Marxist economics, Public Choice, rentseeking Tags: British Labour Party, British politics, expressive voting, Leftover Left, preference formation, rational irrationality, shy Labour voters, working class Torys
The living wage as an application of Director’s Law
30 Jul 2015 Leave a comment
in income redistribution, labour economics, minimum wage, politics - Australia, politics - New Zealand, politics - USA, population economics, poverty and inequality, Public Choice, rentseeking Tags: British politics, Director's Law, expressive voting, living wage, rational ignorance, rational irrationality
OBR's idea of who will benefit from National Living Wage http://t.co/ztxfW906Gg—
James Bartholomew (@JGBartholomew) July 08, 2015
Who has heavily guarded borders?
25 Jul 2015 Leave a comment
in international economic law, international economics, International law, politics - Australia, politics - USA Tags: Australia, British politics, economics of immigration, EU, illegal immigration, Mexico, North Korea, Spain
The walled world
– http://t.co/dXmzCUrjpD—
Amazing Maps (@Amazing_Maps) July 13, 2015
British voting patterns by religion
25 Jul 2015 Leave a comment
in constitutional political economy, Public Choice Tags: 2015 British election, British politics, voter demographics
Ben Clements of @BritRelNumbers on voting behaviour by religion in #GE2015 using BES data
brin.ac.uk/news/2015/reli… http://t.co/NKVlt3xarY—
BritishElectionStudy (@BESResearch) July 23, 2015
@jeremycorbyn should welcome #toriesforcorbyn as shy Labour voters coming home to the long-awaited hard left policies
23 Jul 2015 1 Comment
in constitutional political economy, Marxist economics, Public Choice Tags: British Labour Party, British politics, expressive voting, Leftover Left, rational irrationality, shy Labour voters
Jeremy Corbyn has done it. The working hypothesis of the far left everywhere is if the Labour Party were to adopt hard left policies, they would win many more votes.
The new votes include shy Labour voters parking their vote with the Tory party pending the call home to a true Labour Party.
They are parking their votes with other parties because they are fed up with a middle of the road Labour Party, such as the Blairite Labour Party. They are withholding their vote as punishment until the Labour Party returns to its roots and adopts hard left policies.
Our vision is of an economy that works for all, provides opportunity for all and invests in all. #jeremy4leader http://t.co/59Gk9AN7Xf—
JeremyCorbyn4Leader (@Corbyn4Leader) July 22, 2015
Rather than accept that their day has come, the left of the Labour Party is deeply suspicious of Tory party supporters wanting to join the Labour Party in anticipation of voting in hard left leadership in their current leadership election. What’s going on?
What seems to terrify the Labour Party is its old dream coming true: a large number of Tory party voters switching their support to Labour and joining the Labour Party because it might adopt hard left policies and a hard left leader who makes Michael Foot look like a pussycat.
Labour party members, please think before you vote for Jeremy Corbyn gu.com/p/4aqvd/stw http://t.co/U5hz02ahgd—
Comment is free (@commentisfree) July 22, 2015
What is more jarring than the fear of the Labour Left having its dreams come true is the Left of the British Labour is not showing against any insight into the genuine enthusiasm that the Tory party has for Jeremy Corbyn winning the election as leader of the Labour Party
There is no misdirection here or double play. The Tory party wants Jeremy Corbyn to be elected leader of the Labour Party.
Time for a re-run of this classic? http://t.co/Pwqyn00cQo—
James Bartholomew (@JGBartholomew) April 14, 2015
The Liberal Democratic party must see their resurrection coming in the form of Jeremy Corbyn as do UKIP in terms of making inroads into working-class labour electorates.
There are left-wing and fairly left-wing people who do vote for the Tory party and the LDP, but there’s not that many of them, and overall they only make up about 15% of the British electorate, and a small part of the left-wing vote not voting for left-wing parties.
It would seem more reasonable to follow the median voter theorem and go for those in the centre because there are plenty of them and only minor modifications of your platform are required to win their votes.
Anti-establishment candidate with fringe views draws huge crowds in sure-fire guarantee of electoral success http://t.co/P7waxqUXrR—
Alex Wickham (@WikiGuido) August 03, 2015
Why is the far left chasing with these shy Labour voters when there are plenty more middle of the road voters willing to vote for them in 2015 in the right circumstance?
…while the average UKIP or Tory voter is well to the right of Labour there are many Conservative and UKIP supporters who are in the centre ground and whose votes Miliband cannot afford to write off. For example, nearly four in ten UKIP supporters and 16% of Conservative voters place themselves on the centre point or to the left of centre.
The 35 heroes of #toriesforcorbyn
23 Jul 2015 Leave a comment
in constitutional political economy, Marxist economics, Public Choice Tags: British Labour Party, British politics, Leftover Left
MPs nominations for Leader of the Labour Party – 35 MPs required
| Burnham – 68 |
Cooper – 56 |
Corbyn – 35 |
Kendall – 40 |
|
Ian Lavery |
Jess Phillips |
Jon Trickett |
Tristram Hunt |
|
Steve Rotheram |
Diana Johnson |
Clive Lewis |
Phil Wilson |
|
Rachel Reeves |
Khalid Mahmood |
John McDonnell |
Stephen Timms |
|
Dan Jarvis |
Sharon Hodgson |
Michael Meacher |
John Woodcock |
|
Michael Dugher |
David Hanson |
Ronnie Campbell |
Mike Gapes |
|
Debbie Abrahams |
Shabana Mahmood |
Diane Abbott |
Wes Streeting |
|
Owen Smith |
Steve Pound |
Kelvin Hopkins |
Margaret Hodge |
|
Karl Turner |
Helen Goodman |
Richard Burgon |
Toby Perkins |
|
Emma Lewell-Buck |
Helen Jones |
Dennis Skinner |
Alison McGovern |
|
Yvonne Fovargue |
Kevan Jones |
Grahame Morris |
Stephen Doughty |
|
Kevin Brennan |
Chris Bryant |
Frank Field |
Siobhain McDonagh |
|
Luciana Berger |
Seema Malhotra |
Kate Osamor |
Ann Coffey |
|
Barbara Keeley |
Kate Green |
Cat Smith |
Gavin Shuker |
|
David Crausby |
Vernon Coaker |
Dawn Butler |
Pat McFadden |
|
Yasmin Qureshi |
John Spellar |
Jeremy Corbyn |
Ivan Lewis |
|
Lisa Nandy |
Paula Sherriff |
Chi Onwurah |
Simon Danczuk |
|
Andrew Gwynne |
John Healey |
Sarah Champion |
Chuka Umunna |
|
Lucy Powell |
Daniel Zeichner |
Emily Thornberry |
Stephen Twigg |
|
Graham Jones |
Ian Austin |
Sadiq Khan |
Emma Reynolds |
|
David Anderson |
Jim Cunningham |
Huw Irranca-Davies |
Jonathan Reynolds |
|
Conor McGinn |
Karen Buck |
Louise Haigh |
Gisela Stuart |
|
Anna Turley |
Lyn Brown |
Jo Cox |
Paul Flynn |
|
Keir Starmer |
Steve McCabe |
Imran Hussein |
Nick Smith |
|
Pat Glass |
Liam Byrne |
David Lammy |
Chris Evans |
|
Stephen Hepburn |
Virendra Sharma |
Rebecca Long-Bailey |
Kevin Barron |
|
Paul Farrelly |
Judith Cummins |
Margaret Beckett |
Jenny Chapman |
|
Bill Esterson |
Ruth Cadbury |
Jon Cruddas |
Jim Dowd |
|
Peter Dowd |
Marie Rimmer |
Gareth Thomas |
Fiona MacTaggart |
|
Harry Harpham |
Andy Slaughter |
Tulip Siddiq |
Steve Reed |
|
Rob Flello |
Geraint Davies |
Rushanara Ali |
Joan Ryan |
|
Rachael Maskell |
Fabian Hamilton |
Rupa Huq |
Barry Sheerman |
|
Justin Madders… |
Geoffrey Robinson… |
Andrew Smith |
Angela Smith… |
Source: Who’s backing whom and who did endorsers vote to be leader in 2010? | LabourList.
Creative destruction in London newspapers
12 Jul 2015 Leave a comment
in economic history, economics of information, economics of media and culture, entrepreneurship, industrial organisation, Public Choice Tags: British economy, British politics, creative destruction, London, media bias
Truth is that editorialising has v little influence – less now than ever. Here's why: specc.ie/1c58mAr http://t.co/m8UM22W0zj—
Fraser Nelson (@FraserNelson) May 07, 2015
The share market speaks on recent British elections
12 Jul 2015 Leave a comment
in financial economics Tags: British politics, efficient markets hypothesis, event studies
Do British general election results have a big impact on the stockmarket? Yes, sometimes econ.st/1PUBhEh http://t.co/Ye7ede34HA—
The Economist (@ECONdailycharts) May 19, 2015
Market segmentation in the London newspaper market
11 Jul 2015 Leave a comment
in constitutional political economy, economic history, economics of media and culture, entrepreneurship, industrial organisation, Public Choice, survivor principle Tags: British elections, British politics, consumer sovereignty, creative destruction, entrepreneurial alertness, expressive voting, London newspapers, market selection, media bias, product differentiation, rational ignorance, rational irrationality, The meaning of competition
The truth about the press and power? Readers, not editors, decide elections. @RobertdgSmith specc.ie/1c58mAr http://t.co/Vhit9P9iM7—
Fraser Nelson (@FraserNelson) May 06, 2015
A living wage helps well-off households more!
10 Jul 2015 Leave a comment
in applied price theory, applied welfare economics, econometerics, income redistribution, politics - Australia, politics - New Zealand, politics - USA, Public Choice, rentseeking Tags: activists, British economy, British politics, do gooders, expressive voting, living wage, rational ignorance, rational irrationality, The fatal conceit, The pretence to knowledge, unintended consequences
Do Living Wage advocates realise it helps richer households more than poorer ones? My take: telegraph.co.uk/finance/budget… … http://t.co/YPTB6v7tSB—
Fraser Nelson (@FraserNelson) July 10, 2015
Scotland already has its own currency ripe for a currency board?
07 Jul 2015 Leave a comment
in currency unions, economic history, macroeconomics, monetary economics Tags: British economy, British politics, currency boards, free banking, Ireland, Scotland, Scottish independence
Since 1844, the Bank of Scotland, Clydesdale Bank and The Royal Bank of Scotland have been allowed to issue banknotes in denominations of £5, £10, £20, £50 and £100. Only the Royal Bank of Scotland continues to issue a small volume of £1 notes. Two Northern Irish banks have similar prerogatives.
These Scottish banknotes are not legal tender in England. No banknotes have legal tender status in Scotland, whether issued by Scottish banks or the Bank of England. The Bank of England says:
Scottish and Northern Ireland banknotes are fully backed at all times by ring-fenced backing assets partly held in Bank of England notes and UK coin, and partly as balances on accounts maintained by the issuing banks at the Bank of England.
Consequently, holders of genuine Scottish and Northern Ireland banknotes have the same level of protection as that available to holders of genuine Bank of England notes.
The acceptability of any means of payment, including banknotes, is essentially a matter for agreement between the parties involved in a transaction in Scotland.
Bank of England keeps control Scottish bank notes in issue by stipulating that the issuing bank hold in their reserves the same amount of UK money (either in cash or on deposit at the Bank of England) as the Scottish notes they issue. These reserves could easily be converted to a currency board.
- A currency board issues local notes and coins anchored to a foreign currency (e.g. Sterling) backed by government bonds with 1 pound sterling pound sterling and British government bonds for every Scottish pound currency note issued.
- A currency board issues domestic notes and coins only when there are foreign-exchange reserves to back it. In the case of a Scottish currency board, there would be pounds Sterling reserves to back any Scottish pounds and currency notes on issue.
The Hong Kong currency board has operated successfully through 30 years of financial turbulence and radical constitutional change. There is no reason why a Scottish currency board could not do likewise, guaranteeing the convertibility of a Scots pound, initially at parity with the English pound sterling.
After independence, Ireland acted effectively as a currency board until the 1970s. Currency boards were commonplace throughout the British Empire and were highly successful.
- On the independence of the Irish Free State in 1922, the introduction of an independent currency was a low priority because 98% of exports and 80% of imports were with the UK.
- British banknotes and notes issued by Irish banks circulated (but only the first were legal tender) and coins remained in circulation.
Under the Currency Act 1927, the Saorstát Pound (Free State Pound) was created at parity with the British Pound Sterling. A Currency Commission kept British government securities, sterling cash, and gold to keep a 1:1 relationship between the two currencies.
Although a Central Bank of Ireland was created in 1943, the Irish punt remained linked to sterling with the central bank operated as a de facto currency board policy until joining the European Exchange Rate Mechanism in 1979.
A currency board has no capacity to act as a lender of last resort to a Scottish banking system.
Fabian Society and Church of England caught out as hypocrites on London Living Wage of £18,000
06 Jul 2015 Leave a comment
in income redistribution, industrial organisation, labour economics, minimum wage, poverty and inequality, Public Choice, rentseeking, survivor principle Tags: British economy, British politics, Church of England, expressive voting, Fabian Society, hard budget constraints, Left-wing hypocrisy, living wage, market selection
Utopia, you are standing in it! 
Recent Comments