Tim Worstall

Did Mt. Gox Go Bankrupt Or Do They Still Have The Bitcoins?

Dorian S. Nakamoto listens during an interview with the Associated Press, Thursday, March 6, 2014 in Los Angeles. Nakamoto, the man that Newsweek claims is the … (read more)

Tim Worstall

Posted: 10th, March 2014 | In: Money, Reviews | Comment

Old Man Who Hired Escort Surprised To See Son’s Girlfriend Arrive

OR alternatively, don’t try ordering in an escort until you’re sure that your son’s girlfriend isn’t one:
An elderly Italian man got a rather unwelcome surprise when he ordered an escort … (read more)

Tim Worstall

Posted: 7th, March 2014 | In: Money, Strange But True | Comment

British Women Have More Leisure Than Most In Europe

THIS is a fun little finding about how much leisure time people seem to have. It rather gives the lie to those complaints of ever greater working time that we … (read more)

Tim Worstall

Posted: 6th, March 2014 | In: Money, Reviews | Comment

The Idiots In LA Are Banning Vaping And E-Cigarettes Now

John Hartigan, right, proprietor of Vapeology LA, sits behind an array of electronic cigarettes at his store in Los Angeles. The Los Angeles City Council voted … (read more)

Tim Worstall

Posted: 5th, March 2014 | In: Money, Reviews | Comment

Surprise! Men In Pubs Target The Drunk Women! And Shirley Temple Smoked!

DEAR God this is one hell of a surprise, isn’t it?
The more drunk a woman looks in a bar, the more likely she is to be targeted by predatory men, … (read more)

Tim Worstall

Posted: 4th, March 2014 | In: Money, Reviews | Comment

It’s Smoking Bans That Cost Money, Not Smoking Breaks

WE’VE the usual suspects out today trying to tell us that smoking is very very bad indeed and all who do so must be held to account. The particular method … (read more)

Tim Worstall

Posted: 4th, March 2014 | In: Money | Comment

Whining About Google’s Racist Doodles, A Seriously First World Problem

THERE are indeed things wrong with this world and it behoves us all to pay attention and try to make the world a better place by solving such problems. However, … (read more)

Tim Worstall

Posted: 28th, February 2014 | In: Money, Technology | Comment

Do Benefits Benefit The Workers Or The Employers Paying Scummy Wages?

THERE’S an argument around and about the place that paying benefits to poor people just ends up as a subsidy to the people who pay them scummy wages. The argument … (read more)

Tim Worstall

Posted: 27th, February 2014 | In: Money | Comment

Those Tax Dodging Scumbags At Zara!

WE’RE well used to hearing stories about how the tech companies, Apple, Google and the like, are dodging taxes all over Europe. But people are starting to realise that it’s … (read more)

Tim Worstall

Posted: 26th, February 2014 | In: Money, Reviews, The Consumer | Comment

Econophysics: When Physicists Do Economics They Do It Late And Badly

THERE’S a whole new field out there called “econophysics”. It comes from the brainboxes in physics noting that they deal with chaotic systems a lot and so does economics: therefore … (read more)

Tim Worstall

Posted: 25th, February 2014 | In: Money | Comment

Christian Aid’s Hugely Amusing Ideas About Tax In Africa

CHRISTIAN Aid has a new report out about how tax should work in Africa. And it’s a hugely amusing report. Amusing for devotees of blinkered ideologues ignoring reality that is.

The … (read more)

Tim Worstall

Posted: 25th, February 2014 | In: Money, Reviews | Comment (1)

Now You Can Lick Steve Jobs’ Arse!

THIS is, of course, the moment that all Apple fanboys have been waiting for, the opportunity to get up close and personal with their now departed icon. The ability, even, … (read more)

Tim Worstall

Posted: 21st, February 2014 | In: Money, Technology | Comment

Paying $19 Billion For WhatsApp Will Kill Facebook

THIS will sound a little contrary, but bear with me: the purchase of WhatsApp by Facebook for $19 billion contains the seeds of what’s going to kill Facebook in the … (read more)

Tim Worstall

Posted: 20th, February 2014 | In: Money, Technology | Comment

Sorry Folks, Raising The Minimum Wage Does Increase Unemployment

OK, so this evidence is from the US but it is pretty conclusive:

The Congressional Budget Office has cranked through the numbers for the proposed rise in the US minimum wage … (read more)

Tim Worstall

Posted: 19th, February 2014 | In: Money | Comment

Fitbit’s Wristbands Cause Nickel Dermatitis: Just Like The Euro

THIS amused me: the new wristbands containing all sorts of lovely electronic gizmos to aid in monitoring your health actually make you ill. Fitbit, the company that makes them, apparently … (read more)

Tim Worstall

Posted: 17th, February 2014 | In: Money, The Consumer | Comment

The School Holiday Travel Trap: What Is It That People Don’t Understand About Markets?

THIS is one of those stories where you just have to put your head in your hands at the gross stupidity of our fellow citizens:
When he vented his frustration about … (read more)

Tim Worstall

Posted: 15th, February 2014 | In: Money, The Consumer | Comment

Forgotify, The Website That Plans To Kill Itself

Forgive me but I think this is rather amusing, a website called Forgotify. The business structure of whic is that the more successful it becomes then the faster it will … (read more)

Tim Worstall

Posted: 31st, January 2014 | In: Money, Technology | Comment

You Don’t Own Your Amazon And iTunes Stuff

You might think that you own the stuff you’ve bought from Amazon and iTunes. After all, you’ve coughed up the cash for it, all that music, those electronics books, they’re … (read more)

Tim Worstall

Posted: 31st, January 2014 | In: Money | Comment (1)

Women’s Lib Caused Rising Inequality!

Pickets from a group calling itself “Women’s Liberation Party” march in front of the Convention Hall in Atlantic City, N.J. in protest of the annual staging … (read more)

Tim Worstall

Posted: 29th, January 2014 | In: Money, Reviews | Comment

Why Raising The Minimum Wage Isn’t A Great Way To Help The Poor

In accordance with ancient custom after the Good Friday service at St. Bartholomew The Great Smithfield, 21 poor widows of the Parish were invited to pick … (read more)

Tim Worstall

Posted: 29th, January 2014 | In: Money, Politicians, Reviews | Comment (1)

80% Of All New Jobs Are In London

THERE are various ways you can look at this but it does seem to be true that four out of five, or 80%, of all new private sector jobs are … (read more)

Tim Worstall

Posted: 28th, January 2014 | In: Money | Comment