“a very considerable degree of inequality…is not near so great an evil as a very small degree of uncertainty.” Adam Smith on Taxation in The Wealth of Nations quoted by P. J. O’...Read More
All farmers know that it is easy in the spring to predict a bumper crop. And in the summer as the fields grow to daydream about bounty. But in the autumn when the crops come in, the trut...Read More
“If I win the Nobel Peace Prize, you will know that I have failed.” Tony Blair speaking at the commencement of his Arab/Israeli diplomatic mission as quoted by Jay Nordlinger in his new bo...Read More
“All roads lead to the gift shop” A travel observation by Rebecca Burrow many years ago at Warwick Castle. (The second “W” in Warwick is silent.) Stratford on Avon (better t...Read More
“It is relatively easy to default on sovereign debt when a substantial number of the bond holders are foreign.” Niall Ferguson The Ascent of Money...Read More