My Cobden Centre colleague and Chief Executive of Tyler Capital, James Tyler, explains how we came close to financial collapse and what to do about it: Fractional Reserve Banking (FRB) is an inherently unstable complex system. Each and every bubble and crisis has some kind of link to FRB, going back thousands of years. Even where financial crises are caused by natural disasters (the San Francisco earthquake of 1906 being a prime example), the financial crisis only followed because banks […]
Tag Archives: Law
Very nearly beyond parody: According to research by the TaxPayers’ Alliance (TPA), there are currently 16,980 EU acts in force and between 1998 and 2007 there was a net gain of 9,415 EU laws. In 2007, 3,010 EU laws became UK law, while only 993 EU regulations were repealed – a net gain of 2,017 extra laws. The pace at which new EU laws were promulgated also increased at a record speed, with a net gain of over 2,000 new […]
Via Selling illegal DVDs not illegal because of blunder – Telegraph: People who sell DVDs and videos illegally, including pornography to children, cannot be prosecuted because of a legislative blunder dating back 25 years, it has emerged. … The blunder centres on the 1984 Video Recordings Act which the then British Tory Government should have notified with the European Commission but failed to do so. … The technicality means the act is unenforceable and urgent action is now under way […]
A key problem underlying the Green affair may be that no one really knows what powers the police have of entry and seizure, or ought to have, in Parliament or anywhere else. The CPS paper “Crossing the Threshold” is rather long, but it precisely identifies this problem and proposes a solution. I abridge the paper’s summary and recommendations: The home has traditionally been a privileged space [as has Parliament] for which a legal power of entry is required to enter […]
The Times gives these accounts , of the powers in use in Britain today, which Sir Ian Blair admits to using on the strength of “almost no evidential material at all”. I wonder when “very very concerned” will tip into “very very very concerned”, thereby justifying new powers. The wisdom of Solomon will be required to fix this mess.