Chickens and Hayek

I strongly recomment a listen to The Inquiry – How did we mess up antibiotics? A part of the story involves chickens. The figure below is from businessinsider. Clearly, there is something not natural going on here. Back in 1989 I went on a trek in the far north of Thailand. In the villages, chickens… Read more

Not another one? Why not use the numerical evidence to guide us?

I agree with Clement Atlee and Margaret Thatcher, referenda are “a device of dictators and demagogues”. The whole point of representative democracy is that we elect representatives to make decisions on our behalf. If we do not like their decisions, we can elect new representatives. Adding referenda into this mix creates conflicting mandates leading to… Read more

The magic multiplier effect

When you plant a tree in the ground, it grows, producing seeds which become the source of new trees. But remember, trees can only grow where there are resources – water, sunlight and nutrients in the soil. We can think about government investment in the same way. In a democracy, government spend happens because society… Read more