Knackered Tyres

The gang that G and I go biking with has got itself matching jerseys.  This was us this morning at Peets Coffee, before 50 miles in the hills round Lake Chabot.

Who governs?

Tim Worstall sometimes gets sloppy when he wants to score points. No individual runs the economy. No individual can. No bureaucracy, no centralized point can run the economy. The best we can hope for is that a Chancellor doesn’t screw it up. Whoever is Chancellor makes decisions that have a Read more…

Who pays when it goes wrong?

The Norman Kember affair has raised an interesting question.  If a citizen of a country takes risks, or otherwise makes decisions that are likely to have expensive consequences, in what circumstances should other people be expected to pick up the bill? Here are some examples of that problem on which Read more…

I agree with the Cato Institute

That’s a heading I never thought I would write.  The Cato Institute – a right-wing libertarian think-tank in Washington – has published an analysis of the Digital Millennium Copyright Act: The DMCA is anti-competitive. It gives copyright holders—and the technology companies that distribute their content—the legal power to create closed Read more…