Nationalising Science And Research Works About As Well As Nationalising Anything Else

Another reading of this paper is simply "Mariana Mazzucato is wrong" but then we knew that anyway. As Tyler Cowen points out: …we suggest that this division of innovative labor has not, perhaps, lived up to its promise. The translation...

The Joys Of Automated Checkouts At The Supermarket

From Our Man in Swindon: But this week, things have got out of hand. The human-operated tills are now very much in the minority, reduced to a short row at the far end of the store, like museum pieces. In...

Yes, You’re Right, Hugh Fearnley-Whittingstall Is An Idiot

We could be a little kinder here and declare instead that Hugh Fearnley-Whittingstall is just a confirmation of Feynman's Contention. That off their specialist subjects experts are just as dumb as the rest of us. But why the hell...

Matt Hancock’s Really Stupid Idea About Business Rates On The High Street

As we all know there's stupid, idiot and then politics. The last being the worst because people propose things just because they sound good rather than because they solve - or even understand - the problem at issue. So...

Bernie Sanders And Walmart’s $11 An Hour – Top 3% Income Globally

Bernie Sanders insists that $11 an hour is too small a wage. This, the starting wage at Walmart, is not a living wage. Which, if we're honest about it, is a hell of a piece of news for us...

Neil Woodford’s Basic Economic Problem – He’s Got A Liquidity Mismatch

We've all seen that wondrous suspension of redemptions in Neil Woodford's Equity Income Fund. The interesting question obviously being well, what in buggery happened? The answer being something that's not unusual in the slightest. There's a liquidity mismatch in...

It Appears That Northern Rock Wasn’t Bankrupt- The BoE Should Have Supported It

As we know Northern Rock went bust during that little contretemps in the financial markets. The big question about this being whether N Rock was insolvent, or illiquid. The thing being, if it was merely illiquid then it should...

Climate Change Might Cost Big Companies As Much As 1% Of Turnover! Shame!

Clearly we've got to do something about this climate change business. For a new report tells us that the horror, the terror, of using fossil fuels could cost large companies as much as 1% of their turnover. Which I...

The New Minimum Wage Paper And The Minimum Wage Problem

A new paper out on the effects of the minimum wage. One that I absolutely guarantee will be misunderstood, used to justify that which it doesn't. Pleased to announce that our paper quantifying the overall effect of US minimum wages...

Has Waitrose Asked The Right Question – Why Did We Package Dry Goods In...

So Waitrose is doing something about all that packaging that attends today's hyperconsumerism. They're allowing us all to rock up with our own bags and buy the dry goods we desire straight from a bulk container into our own. How...

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Of Course Judge Throws Out Oil Company Climate Change Lawsuits –...

One of the more ridiculous pieces of buck shifting has just been defeated as a judge throws out the court cases against oil companies...