Revisionist historians and chardonnay socialists find their happy place throwing poo at Milton Friedman’s ideas. Friedman encompasses everything they think is wrong with economics, especially those economic ideas that have changed the world: “The Origin Of ‘The World’s Dumbest Idea’: Milton Friedman”, Steve Denning, Forbes “Milton Friedman: a study in…
When markets operate perfectly
Love this article: https://i.stuff.co.nz/dominion-post/business/residential-property/122735434/new-block-of-townhouses-snapped-up-hours-as-prices-soar-in-the-hutt-valley At the moment the government is pumping as much money into the economy as it can. They’re pumping the paper stuff – not the legally binding contracts to deliver work stuff (which is called “fiscal policy”) – into the economy. They’re hoping that, with negative interest…
… wise words
Never french kiss a lamprey.
If it’s got tits or wheels…
It’s going to cause you pain and cost you money.
What movies I’d like to make
There are some professions that are gritty and glamorous: doctors, lawyers, cops. Think of all of the tv dramas, and it will involve one of these. The doctor saves the patient’s life, but their own life is terribly conflicted. Or the cop chases the bad guy, but is borderline criminal…
Quantum theory and train passengers
I read some where that quantum theory wasn’t a theory about the behaviour of the very small, it was a theory about the behaviour of the isolated. The argument goes that even you, if separated from other particles to interact with would start displaying quantum theory properties. It just so…
The Off Work Economist
Good Morning World!My name’s James Hogan, and I’m a practising Economist in a New Zealand Government department. Importantly, I’m on holiday. So, in between building websites, cleaning the house, and landscaping the section, I’ve got some time to read and keep abreast of the News of the Day. And like…