| The Scots have taken Adam Smith to their hearts and given him their customary welcome, while also sympathetically protecting him from the pigeons... |
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Hat-tip to Scottish Diary |
"Little else is requisite to carry a state to the highest degree of opulence from the lowest barbarism, but peace, easy taxes, and a tolerable administration of justice" - Adam Smith
| The Scots have taken Adam Smith to their hearts and given him their customary welcome, while also sympathetically protecting him from the pigeons... |
|
|
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Hat-tip to Scottish Diary |
Does the free market corrode moral character? Here
Who knows that 'gove' means "to stare stupidly"? This man does; he has just finished reading all twenty volumes of the Oxford English Dictionary.
New in our online bookstore this week is the Total Politics Guide to Online Blogging by Iain Dale (£9+PP). It lists the top 1300 blogs in the country, dividing them all by category - left, right, Tory, SNP, Green, that sort of thing. And there are articles by some of the leading bloggers a who's who of the genre, future trends and so on.
Credit Crunch chocolate for sale at Selfridges. Repeat after Junksmith: "Capitalism is not dead"
Yesterday it was announced that the government would give Lloyds TBS/HBOS £17bn, in return for a 44 percent stake, and RBS £20bn, in return for a 63 percent stake.
One of the conditions of the government's investment is that the banks keep mortgage lending at 2007 levels.
Given how we got into this mess in the first place, is that really such a great idea?
Oh, and while I think of it, isn't keeping all the government's new liabilities off the balance sheet a great way to encourage greater transparency?
Forget gold, put your money in whisky.
Just don't drink it all.
The Adam Smith Institute is the UK’s leading libertarian think tank...
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