THE LAST DITCH

When I was a student politician, there was a Trot on the NUS executive who screwed up the papers after each conference session and threw them on the floor with the words "more jobs". He was from some rubbish polytechnic. What's the excuse of our Oxbridge-educated elite for thinking the same stupid thought?


 

3 responses to “The fallacy that underlies statist economic policy”

  1. Suboptimal Planet Avatar

    Bastiat is brilliant. It’s astounding that over 160 years after the publication of What Is Seen and What Is Not Seen, people still fall for the same Keynesian/socialist nonsense.

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  2. Suboptimal Planet Avatar

    … shame about the baker’s dodgy accent 🙂

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  3. Suboptimal Planet Avatar

    The Keynesians were also quick to tout the benefits of the recent Japanese earthquake. The good chaps at The Cobden Centre quickly denounced this lunacy.

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Tom is a retired international lawyer. He was a partner in a City of London law firm and spent almost twenty years abroad serving clients from all over the world.

Returning to London on retirement in 2011, he was dismayed to discover how much liberty had been lost in the UK while he was away.

He’s a classical liberal (libertarian, if you must) who, like his illustrious namesake, considers that

“…government even in its best state is but a necessary evil; in its worst state an intolerable one.”

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