Tim Worstall Tim Worstall

Polly Toynbee's half a good idea

We're not generally known for praising Polly Toynbee around here but when she gets something right it's worth mentioning it. Actually, it's especially worth mentioning when Polly gets something right given its rarity. So, we agree, this is half a good idea: 

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Tim Worstall Tim Worstall

The question is not how to save Port Talbot but whether to

There's an excessive amount of thrashing around being done over the question of Port Talbot and the Tata steelworks there. And there's very few managing to ask the right starting question. Which is not "How will we save Port Talbot" but rather "Should we save Port Talbot?"

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Tim Worstall Tim Worstall

We'll chalk this up as a victory for free markets, capitalism and globalisation then

The Lancet tells us, in shocked and disapproving tones, that there are now more fatty lardbuckets on the planet than there are undernourished people. We simply cannot bring ourselves to think of this as being a bad thing. Rather, we consider it to be a massive victory for the economic policies of the last few decades. A victory for capitalism, free markets and globalisation.

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Tim Worstall Tim Worstall

A ridiculously silly complaint about the national living wage

We should emphasise here that we are not in favour of Osborne's new national living wage. The correct answer to some people being perceived as having too low an income is not to start price fixing, messing with the market. Instead it is for those who insist that those incomes are too low to put their hands into their own pockets and top up those incomes they perceive as being too low. Yes, it is simply moral that those doing the insisting do the paying.

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