Happy Birthday, Lady Thatcher!!!
Lady Thatcher celebrated her 86th birthday yesterday, 13th October. Many commentators more eloquent than I have written of her achievements, of how her political leadership helped turnaround the “sick man of Europe” as Britain was known in the 1970s. Lady Thatcher’s free market radicalism after decades of creeping and...
BBC's "Farming Today" defends tax-funded EU farm subsidies & higher food prices
Radio 4’s “Farming Today” and its defence of European Union farm subsidies (broadcast 6.30am, 20th August 2011) was surprising only in how one-sided was the presentation of the debate. Rather than the balanced, dispassionate presentation of the case for and against government subsidies to farmers – something that one might have expected from...
Markets price a U.S. Government debt default as more likely…
That the US might default on its debts seemed wildly implausible when I first wrote on the subject “Will the US Government default on its debts?” just over two months ago on May 18th 2011. As I noted then, A US default is a long way off but with...