economics


AWWTM: Setting ourselves up for economic collapse

In January last year, while shadow chancellor, George Osborne said that the lesson of the credit crunch is that “the economy must never again be allowed to become so structurally unbalanced and poorly prepared for a downturn.” He was referring to our national over-reliance on the banking sector, which had made […]


AWWTM: DafT’s deeply regressive fantasy formula

Flicking through Google Reader, catching up, something caught my eye in George Monbiot’s latest: Cost-benefit analysis is systematically rigged in favour of business. Take, for example, the decision-making process for transport infrastructure. The last government developed an appraisal method which almost guaranteed that new roads, railways and runways would be […]


Simple rules

This is another archival repost, originally written for the old blog in november 2007. The main driving force for creationists is not science, but ethics. Their trump card is that “evolution is immoral”: they cite “might makes right” and eugenics, quote Darwin’s supposedly racist terminology in The Origin and Voyage, […]


AWWTM: “Britain pays more for fuel than anywhere else”

It’s another frequently raised fact in comment threads and pub agreements.  Everybody knows it’s true.  If it wasn’t true, why would everybody know it and repeat it all the time?  They can’t all be wrong. You would think though that such a fact, with all of the resources of the […]


AWWTM: “Driving has never cost more”

“End to the war on the motorists?  No, driving’s never cost more,” declares Mark King, Money Editor, in The Observer today.  To be fair to King, he doesn’t actually say anything as absurd as that driving has “never cost more” in his article — but newspaper headline writers have never […]


AWWTM: If you build it they will come

On the London Cyclist thread “is there anything super about the Cycle Superhighways?,” we hear Chinese whispers on the reason why TfL decided against making real superhighways and instead came up with the overpriced and failed PR exercise that are the blue lines on the side of the road: “TfL […]