From “Challenge to America: A Current Assessment of Our Republic” by Ron Paul: Third Way compromise, or bipartisan cooperation, can never reconcile the differences between those who produce and those who live off others. It will only make it worse. Theft is theft, and forced redistribution of wealth is just […]
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David Cameron: Food security must be a priority
I missed this speech. The Conservatives at least are thinking seriously about food security. Highlights from the conclusion, starting with the three action points: Making a genuine free market by ending – once and for all – production subsidies, so British farmers can compete fairly with foreign competitors. Creating a […]
Read MoreSales of foreclosed homes suspended in Philadelphia
According to Reuters: Authorities in Philadelphia will suspend foreclosure sales of homes whose owners have fallen behind on adjustable-rate subprime loan payments — potential relief for tens of thousands of struggling debtors. Sheriff John Green said on Friday he would halt sales of foreclosed properties in April and would seek […]
Read MoreComparative advantage
I found this brilliant article, which explains why famous intellectuals commenting on international trade baulk at basic concepts, in this case comparative advantage. I particularly enjoyed the author’s first suggestion for what can be done: (i) Take ignorance seriously: I am convinced that many economists, when they try to argue […]
Read MoreFinancial crisis “no longer funny”
Readable expert opinion on the financial crisis, including bald predictions: there will be more rogue traders, good salesmen will hoodwink smart people, convexity will be missed, correlation products will blow up dramatically, risk management will fail, volatility will increase enormously at times for no economic reason, too much money will […]
Read MoreMemories of the house price crash of 19 years ago
The Times recalls the house price crash of 1989 and explains today’s similarities (crazy price increases) and differences (interest rates). read more | digg story
Read MoreNationalisation of Northern Rock
The government is getting it all wrong and the saga is just beginning. I notice that chapter 11 of Hayek’s “The Road to Serfdom” is introduced with the following quote from E H Carr: It is significant that the nationalisation of thought has proceeded everywhere pari passu with the nationalisation […]
Read MorePop goes the property boom
“New-build flats sold four years ago at £180,000 are now fetching just £130,000.” Ouch! read more | digg story
Read MoreBond market fears as UK debt soars
It seems the government can no longer take for granted that there will be buyers for its gilts. The UK still retains its AAA rating, but what next? The UK’s unfunded state spending has attracted approbation from Brussels: on the one hand, good, on the other, what business is it […]
Read MorePeak oil and famine in the mainstream news
World oil supply has stagnated in the last four years while demand has increased. Goldman Sachs predict famine as energy costs rise. read more | digg story
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![😡 A wise building site carpenter once said to me,
🗣️”A Labour government is the worst kind of government for the working man [and woman].”
🇬🇧 True then. True today. We battle on.](https://www.stevebaker.info/wp-content/uploads/2024/05/442413775_18432903037051538_3387178564604183858_n-320x320.jpg)
![😡 A wise building site carpenter once said to me,
🗣️”A Labour government is the worst kind of government for the working man [and woman].”
🇬🇧 True then. True today. We battle on.](https://www.stevebaker.info/wp-content/uploads/2024/05/442413775_18432903037051538_3387178564604183858_n.jpg)
