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Date: 2011-08-15 04:30 pm (UTC)
supergee: (sign)
From: [personal profile] supergee
Blogging Starkey. Thanx. Wotta maroon!

Date: 2011-08-15 07:44 pm (UTC)
frightened: Photo by Jason B (Default)
From: [personal profile] frightened
Ugh, Starkey. I can't tell you how much I hated that fame-whore and his populist bullshit when I was doing a history degree.

I think one of my lecturers hated him more. She had a scathing article about him, Niall Ferguson and some other neo-colonialist asshole cut out and stuck on her office door.

Date: 2011-08-15 08:27 pm (UTC)
daweaver:   (Default)
From: [personal profile] daweaver

Is the Adam Smith Institute really addressing a straw man in its article? The spike in cereal prices towards the end of the last decade was attributed at the time to increased demand from biofuels, higher input costs from increased oil prices, and decreased supply from a prolonged drought in Australia.

Lower supply, higher demand, and increased fixed costs are part of conventional economic theory, and belongs to the depressingly small part of economics that actually has predictive power: when supply increased, and demand reduced, and fixed costs fell from late 2008, the price also fell. Then these reversals were themselves partly reversed, resulting in renewed inflation in the past twelve months.

Surely Occam's Razor requires the most simple explanation is to be preferred?

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Mat Bowles

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I'm the Chair of the Brighouse branch of the Liberal Democrats & the membership secretary for Calderdale Lib Dems and run the web campaign for the local candidates. I have a job, a stepdaughter and a life.

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