Tom Clougherty

Tom Clougherty is managing editor at the Reason Foundation, a libertarian think tank with offices in Los Angeles and Washington, DC. Previously, he was executive director of the Adam Smith Institute.

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Californian lefties don't understand percentages

Written by | Friday 6 January 2012

The Daily Mail (who else?) reports that reality TV star Kim Kardashian has been used in a left-wing political ad in California, which argues for higher taxes on the rich. The Courage Campaign, which is apparently backed by the California Federation of Teachers, says:

"Millionaires like the Kardashians only pay a tiny bit more in taxes than a middle-class Californian."

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Good government?

Written by | Thursday 5 January 2012

Earlier today, Tim asked how we could determine whether one government was better or worse than another, concluding that it is almost impossible make a verdict on any objective basis. Like Whig in the comments below Tim's piece, I'd quote the following: "That government is best which governs least". That's been attributed to Thomas Jefferson and Thomas Paine, but according to Wikipedia it was Henry David Thoreau who said it first. Either way, I agree with the sentiment. I also like this verse from the Tao Te Ching: "Governing a large country is like frying small fish.

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An alternative to tax avoidance

Written by | Thursday 5 January 2012

Nick Clegg and David Cameron have both been talking tough on tax avoidance, and trailing plans to introduce a general “anti-avoidance power” so that HMRC can ensure everyone pays “their fair share”.

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2011 Top Fives

Written by | Saturday 31 December 2011

Before it's too late, here are my Top Fives for 2011:

Top 5 - Cinema (released in the UK in 2011)

  1. The Skin I Live In
  2. Midnight in Paris
  3. Black Swan
  4. Tinker Tailor Soldier Spy
  5. The Kings Speech

Top 5 - TV (aired on UK TV in 2011)

  1. Mad Men, Season 4
  2. Boardwalk Empire, Seasons 1 & 2
  3. Game of Thrones, Season 1
  4. Bored to Death, Seasons 1 & 2
  5. Fringe, Season 3
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The impossibility of financial regulation

Written by | Tuesday 13 December 2011

Samizdata's Brian Mickelthwait has done a great job capturing Jamie Whyte's appearance on Radio 4 last night to discuss the failings of the Financial Services Authority (FSA). Jamie's analysis is, I think, spot on:

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Paper Money Collapse (300 word version)

Written by | Monday 12 December 2011

As I wrote on Thursday (and repeat in a 'rapid response' to City AM this morning), the deal reached by EU leaders last week doesn't change a thing. Here's Detlev Schlichter on the ongoing crisis:

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The eurozone plan is a con

Written by | Thursday 8 December 2011

I feel like I’m missing something. The media is obsessing over the latest eurozone summit, but as far as I can tell Sarkozy and Merkel have proposed nothing that would make the slightest difference to the eurozone’s immediate problems. As Detlev Schlichter puts it:

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Welcome to the new adamsmith.org

Written by | Monday 5 December 2011

If you are a regular visitor, you will probably have noticed by now that we have a new website. So welcome to the new, improved adamsmith.org! We were the first UK think tank on the web back in 1998, and were the first to launch a blog a few years later. The internet was then and remains now a key part of our strategy for promoting liberty, and I hope the new site reflects the central importance we place on our online presence.

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Thumbs-down for the autumn statement

Written by | Tuesday 29 November 2011

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End this pointless drug war

Written by | Tuesday 22 November 2011

Christian Guy says there is no war on drugs. Perhaps he’s not familiar with a little country called the United States of America. Over the past 40 years, it has spent more than $1trn fighting its ‘war on drugs’.

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