Monthly Archives: June 2012

Bob Diamond should take his bonus and sack his traders

bully-stand

This trend for senior executives of scandalised firms to waive their bonuses is not a healthy development. It says to the mob that if you screech loud enough the rich will eat themselves. The targets of bullying and violent threats are sanctioning and legitimizing those threats. Hearing an aggressive tone they immediately hand over their…

Authur Laffer on the Laffer Curve

[One of] a few of the advances that powered this extraordinary century Time I remember once passing a stall manned by socialists and surrounded by a small huddle of voters. I had a few seconds, but only a few seconds, to express my distaste before getting back to paid work. I listened for a few…