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Life, liberty and the pursuit of happiness, and the government doesn’t define what happiness is. You do. – Paul Ryan, quoted in this report. What do our American commenters make of this guy? He seems to make a lot of good noises, which I think is a hell of a lot better than no good noises. Put it this way, if America did not now vote for these good noises, that would really be a disaster, I think. August 16th, 2012 | 44 comments - (Comments are closed)
 I am now recovering from an illness. While ill, the only thing I could manage to pay much attention to, other than the various pains in my head, was the Kevin Pietersen Affair, the contemplation of which, to an England cricket fan like me, is a not dissimilar experience to that of being ill. Today at Lord’s, the sacred home of cricket, England are embarking on the third and final game in their five day test cricket series against South Africa, but without Kevin Pietersen. Pietersen scored a brilliant century in the previous game. But no, he is not injured. He has been dropped. Pietersen sent out disloyal tweets about the England captain and coach, for which transgression he did apologise, but too late. You can read the details, in the unlikely event that you want to, in media reports like this one, where phrases like “underlying issues on trust and respect” appear. Where my interest in all this (I could write about it for ever) and the interest of Samizdata readers (who would presumably prefer me to keep a lid on it) may overlap, or so I hope, is in the big picture background to all this. Which is, in a word: India. From time to time, usually, as now, from a writer trying to use such circumstances as a metaphor, you read about planetary objects being subjected by much heavier objects in their vicinity to gravitational forces so severe that different parts of the smaller planetary object start to be pulled in different directions, perhaps so severely that the smaller object threatens to fly into pieces. This is what is now happening to cricket in England, under the influence of that much larger cricketing object, cricket in India. Cricket is now like a solar system, and the quite big planet that is England cricket is being yanked about by the gravitational forces being exerted upon it by the Sun. And that Sun is: India. The background to the argument between Kevin Pietersen and the E(ngland and Wales) C(ricket) B(oard), the people who run the Engand cricket team, is that Kevin Pietersen desires to be both an England international cricketer, and also to maximise his income (and also enjoyment and ego-massage) from cricket by all other available means, while nevertheless contriving somehow not to drop dead from physical and mental exhaustion. In particular, Pietersen yearns to be both an England cricketer and a fully paid up (very well paid up indeed) player in the Indian Premier League, the Indian twenty overs tournament that takes place in April and May of each year. The ECB treats the IPL as just another foreign cricket league, concerning which they need to care very little. It’s a nuisance to their arrangements, but no more. They do not – or such seems their attitude – need to contrive any “window” to allow England cricketers to neglect their early season England cricket in order to cash in from a meaningless foreign slogfest, and then allow them time off from England games, or preparations for England games, so that they can avoid becoming completely exhausted. They pay England players well, and that should be quite enough, is their attitude. But for any cricketer good enough or lucky enough to get a contract to be part of it, the IPL can be the difference between an anxious transition, when the time comes, from professional sport to the rigours of real life, and being financially secure for life, especially if he does well in it and gets asked back several times. During the limited time when Pietersen was able to play in this year’s IPL (he had to leave before the tournament ended), he did very well, scoring another brilliant century, for the The over-arching fact about cricket now is that the IPL is not just another tournament in a faraway country. It is the first great assertion in the cricket world – the cricket world – of the massive economic power of Indian cricket fandom. As I never tire of saying in my various cricket blog postings, there are more cricket fans in India than there are people in Europe. I remember when the millions of India were famous only for starving. Now, these same millions are striding towards twenty first century affluence. And they are taking cricket with them. If India really, really wants to watch you play twenty twenty cricket for a month and a half, at a time when cricket in England is only getting started in weather that is often vile (despite anything the Met Office may have told cricket people about such months getting warmer), then if you are a cricketer, you really, really want to say yes. → Continue reading: Kevin Pietersen and the rise of India August 16th, 2012 | 20 comments - (Comments are closed)
No long review. Just whose fault the peril Gotham (not New York – honest) was. Indeed the peril of Western civilization. Many people – but three billionaires spring to mind One obsessed with money – no honour, good sense undermined by greed (leading to consequences he did NOT want). Jamie Dimon and so many others who supported for Obama for corporate welfare? One with utterly perverted idealism – the George Soros figure. Secretly financing and organizing the Occupy Movement (and worse). And the good billionaire – who has given up on the world, hiding with his bad memories in his house (thus leaving the world to the evil). Greed. Collectivism. Despair. August 15th, 2012 | 29 comments - (Comments are closed)
A Reuters columnist says that markets have yet to face up to the fact that there could soon be a “glut” of oil. In other words, the scarcity-mongers are mistaken.
Quite. In these depressing times, it is easy to miss the positives. August 14th, 2012 | 16 comments - (Comments are closed)
As it is holiday season, this item – via Instapundit – got my attention. It is about why some kinds of travel guides tend to be mealy-mouthed about some of the countries they write about:
There is a related point, also. When I occasionally read of how a region or place is “unspoilt”, it often is just an aesthetic comment that area X or Y has not been buggered up by ugly buildings. Fair enough. Even the most ardent defender of laissez-faire does not have to like all the consequences of some buildings. But there is a danger that this can sometimes tip over into a dislike of building and human activity per se. To take one example: I love certain big cities precisely because they are “spoilt” by the energy and sometimes crazy creativity of the people who live in them and build them. August 14th, 2012 | 12 comments - (Comments are closed)
This whole notion of loyalty to one’s country really has no meaning whatsoever, since countries always change, just as do people who live in them. The only loyalty worth anything is that to one’s values and principles. – commenter Alisa August 13th, 2012 | 44 comments - (Comments are closed)
Now that the likes of yours truly are back from holiday to a post-Olympic London, I have been reading about the number of people who noted how quiet London (outside the Games areas) has been. Tranquil streets, empty restaurants, that sort of thing. It appears that the authorities, such as Transport For London, did a “good” job, in a way, in putting the fear of God into the domestic populace. Janet Daley writes:
I am very pleased the event has gone off well. Not least because there were not (unless it has been kept secret) any major security problems at the Games. Lots of sportsmen and women had a grand old time, the capital looked pretty good to outsiders, etc. The last two weeks does certainly prove that if certain organisations want to convince Londoners that they should get out, they will. Holding the Games in August also helped. And the terrible summer weather leading up to the Games also encouraged a lot of us to hit the airports and railway stations. I may have missed some of the buzz of Olympic London, but the lovely countryside and weather in Southwestern France more than compensated for it. There is, of course, the matter of the cost of all this. To borrow from Frederic Bastiat, the French economics and legal writer, we can all see the benefits of shiny new stadiums, swimming pools and cycle tracks. That is seen. What is not seen are the things and services that will not be supplied or made due to the taxes and other charges imposed to make the Olympics happen. There are no photos of entrepreneurs whose business plans might be stillborn from such costs, for example. I doubt whether Lord Coe or other Olympic grandees gave much thought to the opportunity costs of such events, or cared. And the insights of Bastiat apply to other “eye-catching” projects: space flights, high speed rail, big aircraft carriers, etc. Anyway, I am not going to rain on the parade of what appears to have been a successful event. But being the Adam Smith libertarian that I am, it would be remiss not to remind fans of big sporting jamborees that these things have a cost, and the costs will be borne by those quite different, sometimes, from the beneficiaries. August 13th, 2012 | 3 comments - (Comments are closed)
I used to consider myself a patriot… no more. There is simply nothing to be proud about and we have the government the voters deserve. But I didn’t leave England, England left me. – Thaddeus Tremayne, overheard over dinner. August 12th, 2012 | 29 comments - (Comments are closed)
The state funded Great Britain team has (by perception) done extremely well at the London 2012 Olympics. As a consequence (?) there are calls amongst politicians and sports bureaucrats to make competitive sport compulsory for children. The state funded Australia team has (by perception) done extremely badly at the London 2012 Olympics. As a consequence (?) there are calls amongst politicians and sports bureaucrats to make competitive sport compulsory for children. I have a standing personal rule that whenever someone proposes compulsory activities for children that are implied to be wholesome – particularly if they involve going outdoors and running around in some way – I should immediately compare them to the Hitler Youth, on the basis that the comparison is always fair. So consider it compared. August 11th, 2012 | 22 comments - (Comments are closed)
The world’s energy problem seems to have been solved, but governments do not seem to have noticed. August 10th, 2012 | 10 comments - (Comments are closed)
Peter Schiff is an economics guru held in high esteem by several of my libertarian acquaintances, and he is is starting a gold-based bank. The good news:
The bad news:
In the comments on my previous posting here, about what went wrong and when, much was made of the idea that in addition to knowing what went wrong it would help a lot if we can also say how to put it right. Personally, I believe that “politics” is never going to sort this mess out, certainly not politics alone. What might is people just recreating the gold standard on a freelance basis, by such means as joining in with enterprises of the sort described above. Yes, governments can shut such things down, as the above report makes abundantly clear. But if large numbers of people start placing side bets in enterprises of this sort, then it starts to become politically hazardous to just forbid such arrangements. One of my favourite slogans just now is: “This isn’t gold going up; it’s the dollar (the pound, the euro, the yen, the whatever) going down.” That is because I consider this to be the basic idea behind a non-state imposed (which is the good kind of) gold standard. When large numbers of people measure state fiat currencies by how badly they do against gold, rather than gold by how “well” it is doing against this or that collapsing currency, then that is surely the beginning of the end for these currencies. August 10th, 2012 | 16 comments - (Comments are closed)
One of my understandings of the current financial mess that the world is in concerns when the various contending diagnosticians think that the rot set in. The earlier the more Austrianist, seems to be the rule. Instapundit recently linked to a piece by James Pethokoukis concerning the diagnosis offered by Robert Hetzel. Hetzel thinks the problems only got seriously serious around 2008. Until then, it had been a bit up and down, but nothing that bad. But then, in 2008, the Fed, and central banks the world over, adopted money supply policies that were too restrictive. By not creating enough more money at that moment, the Fed turned a little temporary difficulty into a far bigger difficulty. I’m not an expert on this stuff, but this is similar to what Milton Friedman et al said about what triggered the Great Depression, is it not? Hetzel is, I presume, some kind of Friedmanite Monetarist. He reckons he knows exactly how to skipper the nationalised industrial ship that is money. I reckon he doesn’t. For if Detlev Schlichter and the other Austrianists are right (I think they are), the rot set in a long, long time before 2008. The idea that, if things had been handled just that little bit more deftly in 2008 all could have been well – bar a slight bump or two – is just wrong. The world by then was full of bad investments, and these investments were – are – going to have to be liquidated if the world economy is ever going to start motoring again. Encouraging even more bad investment, which is what Hetzel is saying should have been done, would only have made the grief still to come that much more grievous. Whether James Pethokoukis agrees with Hetzel with anything resembling the vehemence with which I disagree with Hetzel, I do not know. Perhaps he just wants an excuse to blame everything on President Obama. But if the Austrianists are right (they are – reprise), it goes way back, to Nixon and before, to the very creation of central banks as a means of sucking wealth out of economies (traditionally to wage war) without people getting the chance to complain too loudly in some sort of parliament. The idea that Obama, or for that matter George W. Bush, could have entirely solved the world’s present financial problems, i.e. solved them without any political grief, is absurdly mistaken. They could make it worse and they both did, with only a bit less Hetzelism than Hetzel now thinks they should have perpetrated. The idea that, with one Hetzelian bound, they could have freed us all from any grief is crazy. As is the idea that dumping Obama and replacing him with someone less malevolent, anti-American, socialistic, Christian, atheist, Muslim, environmentalist, Chicagoan, incoherent, lazy, golf-loving, devoted to black magic (take your pick), will fix everything. In my opinion dumping Obama would be better than not dumping him. But doing this could merely be the difference between jumping off the cliff instead of sliding down it. August 9th, 2012 | 30 comments - (Comments are closed)
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