Tim Worstall

Apparently HFT is going to bring on the next crash or something

Written by | Monday 31 March 2014

I confess, I do find myself a little puzzled by the coverage of finance and banking over at The Guardian at times. Are their writers actually inhabiting this same universe that we are or are they phoning it in from some parallel one? Tke this example, worrying about the perils of high frequency trading (HFT):

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Higher food prices reduce poverty

Written by | Sunday 30 March 2014

It's a general assumption that higher food prices are bad for the poor. Clearly, it must be: the poor, the truly poor that is, spend some 80% of their incomes on food, if the price rises then obviously they must be getting poorer. Thus all that nonsense from the World Development Movement, Oxfam et al, about how food speculation in 2008 drove up food prices, impoverished more and thus we must ban capitalism etc.

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A very important point about climate change

Written by | Saturday 29 March 2014

As you all know I'm boringly mainstream in my views over climate change. The scientists tell us that we've got to do something, the economists that that something is a carbon tax so I say, great, let's have a carbon tax. And then we get information that rather changes this so far sterile debate:

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Can politicians act in an actively stupid manner?

Written by | Friday 28 March 2014

An interesting question can politicians act, at times, in an actively stupid manner? No, not just be misinformed, a bit dim even, but can they end up enacting policies that are so far from their intended consequences that we can only describe them as having been actively stupid?

The answer, you won't be surprised to find out, is yes. As David Henderson points out here.

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A small linguistic note

Written by | Thursday 27 March 2014

One of the worrywart tribe has taken to the pages of The Guardian to tell us all that we have to talk about indeterminate masculine pronouns.

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An extremely strange argument from Nick Cohen

Written by | Tuesday 25 March 2014

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How much does Will Hutton actually know about pensions?

Written by | Monday 24 March 2014

Yes, it's a Monday morning so we've the weekend's Will Hutton column to pick through if we so with. And I have to say that it's a real doozy. We might hope for just a little better than this from someone who wants to tell us all how we should live our own lives, how the country should be run. He wants to talk about the new pension rules:

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This is rather the point of student loans though

Written by | Sunday 23 March 2014

Hugh Muir gets all upset about what is happening over student loans. The repayment numbers are sinking through the floor so what's the point of the new system. And furthermore:

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