“Raquel Welch has blamed the contraceptive pill for the breakdown of sexual morality.” That is the first sentence from this newspaper article. Now I have no doubt that the introduction of the pill led to a higher steady state level of promiscuity. Yet, there is an undercurrent of negativity in the article – suggesting that […]
On Saturday I had an article in the Dom ranting about how harm minimisation was a dumb goal – as there are benefits from the consumption of drugs. This argument has been on the internet a million times (see these two searches for example), so there is no need to rehash it here. Originally, the […]
So it seems the ECB is going to go out and buy government bonds. I don’t quite agree with this description of what is happening to be honest: “They are not cranking up the printing presses,” said James Nixon, co-chief European economist at Societe Generale SA in London. “This is a much more targeted, surgical […]
The EU has decided it arbitrarily needs to protect the value of the euro. Specifically: We now see herd behavior in the markets that are really pack behavior, wolfpack behavior Relevant picture: Shirt source. My question as a New Zealander who has experience the vicious swings in currency myself – why protect the value of […]
Via Tyler Cowen’s twitter: Some people hate me for this view, but TARP is looking better all the time. I agree. This will be worth a post at some point – but not today 😀 People who have a free moment, feel free to discuss it in the comments 😉
Kiwiblog blogs about to a good sounding report by the Maxim Institute on tax. I especially like this line: We need to design the tax system so that it allows the government to take the money it requires, while doing the least amount of damage to the economy and so too our potential prosperity However, […]