Month: November 2020

The Bear’s Lair: Better abolish colleges, not just college debts

President-probably-elect Joe Biden has confirmed that he intends to introduce a forgiveness program on student debts, perhaps up to $50,000 as Senator Elizabeth Warren (D.MA) has proposed. This is a direct subsidy to the relatively rich, to be paid for by suffering middle-class taxpayers. Rather than forgiving the debts of the relatively rich, let us […]

The Bear’s Lair: Boris would have banned steam engines

British prime minister Boris Johnson announced this week that he would make it illegal to sell petrol or diesel-driven automobiles from 2030, pushing the British into a fleet of electric cars. He proclaimed this would lead to a “green industrial revolution.” Fat chance! If Boris had been around in the 1780s, he would have had […]

The Bear’s Lair: The Trump Presidential Library should be HUGE!

As President Trump seems likely to leave office in January, the historically minded of us should reflect on his legacy. In the short-term, maybe until 2200, his reputation will doubtless be smeared. It took 250 years for King Charles II to get his due from historians, and Lord Liverpool, almost 200 years later, still has […]

The Bear’s Lair: The economics of plague

Boris Johnson’s decision to lock down England again until December 2, is economically and scientifically bizarre. It is based on advice from the faulty mathematicians at Imperial College, who proved to be hopelessly in error when the COVID-19 pandemic first arrived in March. It will damage the British economy, and probably kill more people than […]

The Bear’s Lair: Back to the politics of Henry Fox

Henry Fox, 1st Baron Holland (1705-74) made £400,000, equivalent to about $100 million today, from the office of Paymaster of the Forces during the Seven Years War. Shortly after his departure, British politics was cleaned up, so that fifty years later statesmen such as Lord Liverpool lost money on 15 years as Prime Minister. In […]