Uncharacteristically, the Adam Smith Institute has made a serious error in its economic analysis. The idea of alcohol being a Giffen good is certainly a contestable one. There are a couple of pertinent areas here. The first is whether alcohol in the UK meets the requirements of a Giffen good. The second is whether the pattern of [...]
All posts in category Regulation
ASI on the Minimum Price for Alcohol
Posted by manicbeancounter on September 4, 2010
http://manicbeancounter.com/2010/09/04/asi-on-the-minimum-price-for-alcohol/
Risk, Volcanic Ash, Regulation and the Leaders debate 2
John Redwood today makes some brilliant observations on “Bash the banks and Praise the Regulators”. His comparison with the ash cloud and the banking regulation is particularly apt. But it is not just the cost of inappropriate regulation that there is a similarity. The leaders’ debate of tonight showed crystallised the issue for me. It [...]
Posted by manicbeancounter on April 22, 2010
http://manicbeancounter.com/2010/04/22/risk-volcanic-ash-regulation-and-the-leaders-debate-2/
Financial Regulators are as fallible as the rest of us
John Redwood, in defence of the banker’s, asked whether the regulator’s in the part four years has engaged in socially useless activity. Unusually, I came to the defence of the regulator. Regulators, even if nominally independent, work within the current political & economic climate. They would not have called for increasing capital requirements during the [...]
Posted by manicbeancounter on September 23, 2009
http://manicbeancounter.com/2009/09/23/financial-regulators-are-as-fallible-as-the-rest-of-us/
Climate Change Camp – for good or evil?
The Tax Payers alliance have a posting on the Climate Change Camp set up in Blackheath. Here is my comment:- The comment you make is a fair one. Before proscribing a painful and potentially harmful course of treatment, an ethical doctor would - check the diagnosis is accurate – both in type and [...]
Posted by manicbeancounter on August 31, 2009
http://manicbeancounter.com/2009/08/31/climate-change-camp-for-good-or-evil/
Think! child seat advert lacks thought
The latest of the Government’s information video on child car seats lacks thought. A mother straps her child into the car, whilst quoting a statistic that “300 children are killed or seriously injured in cars every year”. This is trying to impute that by obeying the law you are avoiding putting your child at risk of death [...]
Posted by manicbeancounter on August 7, 2009
http://manicbeancounter.com/2009/08/07/think-child-seat-advert-lacks-thought/
Regulation that only harms the honest
Burning out money has a post on the hurdles to open a new savings account. Introduced to help prevent money laundering, it “there is not a single case of any would-be launderer being caught by this system. As you’d kinda guess, real launderers are quite capable of cobbling together the necessary fake docs, and ticking [...]
Posted by manicbeancounter on July 12, 2009
http://manicbeancounter.com/2009/07/12/regulation-that-only-harms-the-honest/
The Adjunct to Cutting Government Expenditure
I have already posted about the need to cut government expenditure is a more rounded way through focusing on 7 major areas. There is an important adjunct to this. The ability of the economy to climb out of the recession will be hampered by 1) High Taxation 2) Onerous Regulation The burden of these twin [...]
Posted by manicbeancounter on July 1, 2009
http://manicbeancounter.com/2009/07/01/the-adjunct-to-cutting-government-expenditure/
