economics

OK, so I’ve been off line quite a bit due to a weird perversion called “moving house”. This means that my constituency MP is no longer Philip Hammond, which almost makes it all worthwhile by itself. Hammond was one of the most annoying features of living in wonderful Runnymede & Weybridge; an immensely self-satisfied and…

Read More I heard a rumour that someone got Philled in…

King’s College London’s terribly smart and not at all sinister Insurgency Research Group have some relevant facts about a controversy between Daniel Davies and I. Recap: Dan apparently believes that it’s better to let jihadis advertise on the Internet, on the principle that they will attract lots of idiots, self-dramatising teens, and committee fetishists, who…

Read More Human Capital Saving in a Terrorist Cell

He imagined that satellite broadcasting might help a hundred Indian villages save two cows a year and understood what an impact that might have. Says a commenter at PZ Myers’ place, on the occasion of Arthur C. Clarke’s death. Two cows a year; now that’s genius. I can’t presume to say whether this came true;…

Read More Two cows

John Band has some thoughts about Northern Rock. So do I; more precisely, I have some thoughts about the Tories’ performance in the crisis. It’s been appallingly silly, irresponsible, and sometimes plain ignorant. For example, last autumn the Tories seem to have thought that the Bank of England’s loan to the Rock was taxpayers’ money.…

Read More Tories: Unserious

It appears that the defence procurement stories we’ve been tracking are coming to a head. Recently, it emerged that the Astute SSN, Nimrod MRA4, and T-45 destroyer projects are going significantly overbudget again; the first two of these are, of course, the ones that were already £800 million over budget and several years later. The…

Read More The Defence Crisis; BAE Are Still Hopeless

This PPRuNE thread reminds me of something from the archives. During a meeting we had not long ago, the increasing sophistication and cost of the Unpersonned Aircraft was raised – because by becoming too sophisticated and HVAA in nature, they were in some danger of becoming too valuable to risk in certain scenarios. Rather defeating…

Read More Some are expendable; others are just expensive