THE LAST DITCH

Well of course.

I have nothing to add to Tim's wisdom and commend the linked post to you.

Economics … has nothing at all to say about whether more or less inequality is a good thing to be striving for. Nada on whether greater physical wealth is better or worse than greater spiritual wealth, about whether we really ought to all make things with our hands or leave it all to machines or Chinee. Entirely sweet f*** all to say about what is the desirable society.

Quite. Asserting the primacy of politics over economics (a la Angela Merkel) is like deciding to fly to France by jumping off the white cliffs of Dover and flapping your arms. Your legitimate objective of travel to France doesn't entitle you to defy gravity.

Watching Ms Merkel and her European cohorts attempting to defy economic gravity is sadly not quite such an amusing image.

One response to “Worstall on economics”

  1. jameshigham Avatar

    Watching Ms Merkel and her European cohorts attempting to defy economic gravity is sadly not quite such an amusing image.
    Indeed.

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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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