Economics
Characteristics of Government Today
Two hundred years ago Lord Macauley wrote “the measure of a man’s real character is what he would do if he knew he would never be found out”. This intriguing insight is as true of [more…]
Sub-Prime Mortgages
Business
Economic Idiocy Repeated, Part 2
In Lewis Carroll’s “Through the Looking-Glass” Humpty Dumpty tells Alice: “When I use a word it means just what I choose it to mean—neither more nor less.” Humpty’s subjective approach to verbal meanings is of [more…]
Business
Economic Idiocy Repeated, Part 1
Any catalogue of economic legends would of course include the 2008 visit of Queen Elizabeth to the London School of Economics, when the country was experiencing an unprecedented housing market bubble based on the irrational [more…]
Economics
“Sticking to Your Guns” – and Other Failed Strategies
There can be little doubt that tenacity is a great virtue. It means holding on to something important, something you believe in, no matter what. The trouble with tenacity, however, is that it does not [more…]