Parliament

Comments Off on The Unspoken Backstop

The Unspoken Backstop

The Withdrawal Agreement has foundered, and beneath the froth and fury of Parliamentarians blaming the prime minister, the opposition, the European Research Group, the European Union, and indeed each other for the deal’s undoing, the rocks of the Irish backstop await the next unfortunate attempting to pass. The prevailing consensus is that there can be Read More

Comments Off on How bad politicians drive out the good

How bad politicians drive out the good

One of the best known laws of economics is that bad money drives out good. If a country debases its coinage, mixing the gold and silver in new coins with lower value metals, people will hold onto the older and more valuable coins and spend the new ones. The bad money flushes the ‘good’ money Read More