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Tim Worstall

Tim Worstall - Author Archive

Dear God I hate Statists – that’s you Stephen Timms, Mary Creagh and Kate Green

AN interesting and long piece in The Guardian about the rise of charity food banks in the UK. And here’s the bit that truly pisses me off:
Stephen Timms, shadow work … (read more)

Posted: 20th, July 2012 | In: Money | Comments (3)

Message to women: No love, sorry, you cannot have it all. Marissa Mayer Edition

YOU women cannot have it all. Marissa Mayer cannot have it all. Nor can men, of course, but today’s example of the harsh realities of life comes from Marissa Mayer. Now … (read more)

Posted: 18th, July 2012 | In: Money | Comment

The Guardian really doesn’t get this economics stuff

THE Guardian newspaper has not a clue when it comes to economics. They claim the following:
How much is a fair price for a pint of milk? The answer is: whatever price … (read more)

Posted: 17th, July 2012 | In: Money | Comment (1)

We can all donate to Wikileaks again! Visa Iceland saves the world

WELL, according to the Icelandic courts we can all donate to Wikileaks again. For they’ve insisted that Visa Iceland must process the payments:
WikiLeaks could be seeing an influx of funds … (read more)

Posted: 13th, July 2012 | In: Money | Comment

What the McDonald’s Olympics tells us about shyster-friendly Government

YOU’LL have heard of this no chips but McDonald’s chips at the Olympic sites, yes? Because Mickey D’s is the official fast food sponsor of the Games. If people are … (read more)

Posted: 13th, July 2012 | In: Money | Comments (3)

Apple’s not so green any more

ONE could take this as a storm in a teacup or one could take it as the destruction of a great iconic brand. But Apple’s computer kit is now officially … (read more)

Posted: 12th, July 2012 | In: Money, Technology | Comment

You want to bash the bankers? Move your bloody bank account you fool!

I’LL admit to being a little confused about this campaign:
Angry bank customers have been voting with their wallets and bombarding co-ops, building societies and credit unions with applications for current accounts … (read more)

Posted: 11th, July 2012 | In: Money | Comments (2)

There’s economic myths and economic myths – the Laffer minute Greens don’t get it

ECONOMICS is packed full of myths: not the subject itself, but what people think they understand about it. The Economist has a look at a couple:
A LETTER-WRITER and a commenter … (read more)

Posted: 9th, July 2012 | In: Money | Comment (1)

The euro continues to Fall Apart: six of 17 member screws over by the currency

SO. We had Ireland go bust when they made the single most stupid decision of the last decade: to guarantee all the debts of all of their banks. Those debts … (read more)

Posted: 6th, July 2012 | In: Money | Comments (4)

We have not been exporting manufacturing Jobs – it’s the machines, dummy

WE have not been exporting manufacturing jobs. Richard Sennett, a professor of sociology at LSE and professor of social science at MIT, writes in the Guardian:
It’s no mystery why Europe … (read more)

Posted: 5th, July 2012 | In: Money | Comments (2)

This latest euro bailout won’t work either – here’s why

THE last couple of years have been something of a sad sight: we keep seeing the EU stumbling from one attempt at correcting the euro mess to another without ever … (read more)

Posted: 4th, July 2012 | In: Money | Comment

Crazy Bob Diamond’s signed – now blame Ed Miliband and Ed Balls for the LIBOR mess

SO. Bob Diamond has done it, resigned as CEO of Barclays, fallen on his sword and signed on for the dole we assume.

However, there’s a lot more to come out … (read more)

Posted: 3rd, July 2012 | In: Money | Comment

What newsnightis Paul Mason talking about? BBC economics editor is ignorant about economics

I FIND this very difficult to understand. Paul Mason is the economics editor for Newsnight at the BBC. And yet he appears to know very little about the subject of … (read more)

Posted: 2nd, July 2012 | In: Key Posts, Money | Comments (2)

Barclay’s all our fault say Labour – Lord Tunnicliffe confesses

BARCLAYS banks greed and bad practice is Labour’s fault. This was always fairly obvious but now someone has come out and said it:

Lord Tunnicliffe, Labour’s deputy chief whip, accepted that … (read more)

Posted: 29th, June 2012 | In: Money | Comment

Barclay’s and Conning Libor – what really happened

YOU’LL have seen the stories all over the place about Barclay’s ‘fessin’ up to having tried to manipulate Libor.

Just as background, Libor is the rate at which banks lend to … (read more)

Posted: 28th, June 2012 | In: Money | Comments (2)

Video Games are now hiring economists

I KNOW, I know, it’s not quite what you would think is a sensible idea four years after the Great Financial Crash. But video games companies are starting to hire … (read more)

Posted: 27th, June 2012 | In: Money, Technology | Comment

Is Rupert Murdoch going to split up News Corporation? Yes. Probably

THERE are several stories around today that Rupert Murdoch is warming to the idea of splitting up News Corporation. This isn’t a new thing at all: it’s that Rupe is … (read more)

Posted: 26th, June 2012 | In: Money | Comment

Why we should increase banking bonuses at RBS / NatWest

YES, isn’t it a quite lovely fuck up at RBS/NatWest at the moment? The entire computing systems messed up as a result of someone trying to improve them. The answer … (read more)

Posted: 25th, June 2012 | In: Money | Comments (2)

Why are the Nigerian email scams so obvious?

WHY are the Nigerian email scams so obvious? Because they’re obviousness acts as a very good idiot filter.

Amazingly, this useful information comes from Microsoft: something of a first from that organisation:
“An … (read more)

Posted: 22nd, June 2012 | In: Money | Comments (4)

Jimmy Carr’s tax avoidance was never going to work – here’s why

YES, of course, it’s been a lovely chuckle. Jimmy Carr snarled at Barclay’s for dodging taxes and then is revealed as someone who has been doing his best to do … (read more)

Posted: 21st, June 2012 | In: Money | Comment

Would you prefer Zuckerberg or the KGB has your information?

WOULD  you prefer Zuckerberg or the KGB has your information? I think this might be the worst business plan I’ve seen yet this year. Worse than the Harriet Harman Valentine’s Day … (read more)

Posted: 20th, June 2012 | In: Money, Technology | Comments (4)

Barroso blames it all on America – only the German banks went bust first

SO, Barosso, the President of the European Commission has this to say about the current euro disaster:
“This crisis was not originated in Europe … seeing as you mention North America, … (read more)

Posted: 19th, June 2012 | In: Money | Comment (1)

Greece votes and Spain gets it – Spain’s bond yield kills the euro

IT was supposed to be that if the “right” Greek party won the election then the pressure would be off Spain and Italy: for the euro would be saved.

The “right” … (read more)

Posted: 18th, June 2012 | In: Money | Comment (1)

Victory for Martha Payne: politicians and media screw bureaucrats

YOU may or may not have been aware of the story of young Martha Payne. 9 year old up in Jockland who started posting pictures of her school lunches to … (read more)

Posted: 15th, June 2012 | In: Money | Comment

UK Uncut are ignorant idiots says Judge

UK Uncut are ignorant idiots says a Judge. While we knew this it’s interesting to get the conformation from a senior and respected retired judge. He didn’t put it in quite … (read more)

Posted: 14th, June 2012 | In: Money | Comment

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