Madsen Pirie Madsen Pirie

Importing energy

The UK imports energy in the form of fossil fuels such as oil and gas, but there are ways in which it effectively imports energy by importing goods produced abroad with alternative sources of energy.

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Tim Worstall Tim Worstall

Violating the first rule of economics

They call themselves socialists, but think and act very capitalistically. Real Marxists are probably easier to find in Europe and the USA than in Vietnam.

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Madsen Pirie Madsen Pirie

The BBC’s wrong turn on audience figures

It is fair to say that when the BBC decided that only high viewing figures would justify the licence fee, it took a wrong turn and should have concentrated instead on public service television

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Tim Worstall Tim Worstall

Cowperthwaite, ‘ee’s our man

Sir John Cowperthwaite, when running Hong Kong, famously banned anyone collecting the GDP statistics on the grounds that some damn fool would only try to do something with them.

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