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Who Exploits You More: Capitalists or Cronies?


Via Learn Liberty, Who Exploits You More: Capitalists or Cronies? See also this short book on how political decisions come to be made: Public Choice – a Primer by Dr Eamonn Butler. Or watch Yes, Minister.

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Can government spending activities have a positive impact on economic activity?


Can government spending activities have a positive impact on economic activity? Do federal spending programs designed to offset a recession’s negative effects add a boost to GDP growth? Can government purposefully and successfully take steps that will increase employment? In essence, do government stimulus programs really work? With various political parties advocating further economic boomerangs, find out here: The U.S. Experience With Fiscal Stimulus | Mercatus. The key conclusions are on the last page. After describing three hurdles to stimulus spending as an […]

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A massive failure of journalism is being corrected


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Via It’s austerity all right – but not of the kind we actually need, City A.M.’s Allister Heath makes his case: It has long been a theme of this column that the government and its critics alike have exaggerated the extent of the government’s belt-tightening. The coalition is doing this to try and reassure the bond markets while seeking to minimise the hit to the public sector; the opposition because it wants to blame the recession on “the cuts.” But […]

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Justine Greening must review HS2 in the public interest


I’m grateful to StopHS2 for drawing my attention to this video of the Public Accounts Committee hearing at which it was revealed HS2 has a Cabinet Office Major Projects Authority status of red/amber: As The Guardian reported: The latest figures issued by the HS2 high-speed rail scheme have revised down the economic benefits for the fourth time – suggesting the scheme will barely, if ever, break even. Originally the scheme was forecast to bring £2.40 of benefit for every pound […]

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I didn’t seek election to roll forward Labour’s surveillance state


Via Government web surveillance: ‘Expensive, impractical, totalitarian’ – Telegraph: The Government’s plan to make Internet Service Providers capture personal communications data is nothing new. It was brought up under the last Labour government as the “Intercept Modernisation Programme” and received heavy criticism from the Tory party in opposition. The article concentrates on the practicalities of recording people’s internet activity. For a more philosophical point of view about why it shouldn’t be attempted, see Sam Bowman’s Our road to serfdom. Meanwhile, […]

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