Month: September 2015

The Bear’s Lair: Back to smoke-filled rooms!

  The appalling interaction of opinion polls and TV debates is yet again pushing the Republican party to produce a poor-quality Presidential nominee, the eighth in succession (well, to be fair, Mitt Romney by a magnificent, sustained effort rose all the way to mediocre.) Likewise the Labour party’s prolonged election of the eccentric leftist Jeremy […]

The Bear’s Lair: Congress needs to outlaw QE

Goldman Sachs is now calling for the U.S. Federal Reserve to instigate a new round of “quantitative easing” bond purchases. Jeremy Corbyn, the newly elected nut-left leader of a Labour party that has always deep down been nut-left itself, wants the Bank of England to print money for state-directed boondoggles.  The gigantic Japanese quantitative easing […]

The Bear’s Lair: In defense of agriculture

  Modern commentators, including Yuval Noah Harari in his interesting book “Sapiens – a brief history of humankind” (Harper, 2015) believe that the coming of agriculture around 10,000 years ago was a disaster for humanity, forcing people to work much harder than the previous hunter-gatherers for a less stable and reliable subsistence. Yet when you […]

The Bear’s Lair: The West’s huge cost disadvantages

Modern telecommunications shrank the cost differential between rich and poor country product sources, making global supply chains easily feasible. Ever since the middle 1990s, therefore, the rich world has been getting poorer, as living standards across the planet began to converge. In the last decade, however, government actions have hugely increased costs in rich countries, […]