November 2018

Comments Off on Rhetorical Contagion (Britain is not America)

Rhetorical Contagion (Britain is not America)

British politicians, I suspect, feel a degree of envy towards their American counterparts. An MP who proceeds along the time-honoured route through Eton and Oxford to the Palace of Westminster will spend most of their lives surrounded by the same sort of people in the same sort of architecture, and eating the same sort of 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