Economists Wrong on Brexit, Middle East Disintegrating, Trump’s Mind and Golf Course, Hillary’s Crawl

Harold Gilman, from ’Mrs Mounter at the Breakfast Table' 1917, Tate Britain

What I’m listening to. 

Mozart - Missa Solemnis in C "Dominicus" K 66 - Mov. 1-5/16

Economists and Brexit.

Telegraph - Economists have a century of failure behind them. No wonder they back Remain now

Time and time again, the majority of economists make spectacularly wrong calls, and it is a small, despised minority that gets it right.

The other view.

Financial Times - Brexiters have bet the bank on the triumph of emotion over reason

The goal was always to harness the myriad grievances of voters to revolt against Brussels.

The 100 year ghost.

Financial Times - An inconvenient truth for the Middle East and a line in the sand

Notebook: It is an enduring habit to blame outsiders for the ruinous state of the region.


Economist - The clash within a civilisation

A hundred years after the Sykes-Picot agreement carved up the Ottoman empire, a new Arab history is being written in blood. Anton La Guardia examines the failures of the region’s states.

Getting ready.


Narcissism, disagreeableness, grandiosity—a psychologist investigates how Trump’s extraordinary personality might shape his possible presidency.


You've Been Trumped - Trailer

Fighting Trump (2011) 

Fox caves.

New Yorker - Megyn Kelly’s Guide to Surrendering to Donald Trump

You are so powerful,” Megyn Kelly, of Fox, said to Donald Trump, with a note of wonder in her voice, as she interviewed him for her special on Tuesday night.

Grinding out a win.

New Yorker - A Narrow But Significant Win For Hillary Clinton In Kentucky

When she was last the center of national attention, Alison Lundergan Grimes, a Democrat who is Kentucky’s Secretary of State, was being soundly defeated by Mitch McConnell in a 2014 Senate race that her Party had hoped to win. 

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Twin Virtues: Inequality of Outcomes & Equality of Opportunity©

Twin Virtues

Ultimately, the most successful societies find the balance between the twin virtues of inequality of outcomes and equality of opportunity.

The new politics must marry the twin virtues of unequal outcomes and equality of opportunity.

When too few get too much everybody loses.

Feminism is about women living their lives on their own terms, marshalling the resources of the society to make that possible, and men embracing this as vital to a successful society and their own liberation.

Can it be that striving for equality of opportunity however imperfect the process not only benefits the individual but also creates benefits for the society that are unintended but wonderful?

Economics must be a 'moral enterprise' as much as politics claims to be. Economic outcomes need to be framed in terms of right and wrong not just efficiency if only because these often align in surprising ways that are good for society and the economy.

My vision of Canada is that any Canadian child from a family of limited circumstance can expect to have a chance at lifetime of unlimited opportunities.

Free trade is a wonderful thing. Time and time again economists have proven that free trade creates enormous wealth for each country 'on the whole'. Historians have shown that free trade is usually associated with rising political, social and cultural liberty. The perennial problem is that free trade always creates tremendous disruption for thousands even millions of individuals often concentrated in one geography, and where the state is idle, not investing in best in class instruments of social justice, free trade can be a permanent ticket out of the middle class, down, not up.

Tax policy should be founded on the principle of generating steady tax revenues sufficient to maximise environmentally sustainable economic growth in order to fund fair government.

Public policy should be designed to decrease inequality before the law and increase equality of opportunity.

Capitalism is not the problem; the problem is what we do with capitalism.

Content is always more difficult to argue than conspiracy.

Let the state regulate and the market operate (most things).

Welfare strategies are best designed as a hand up, not as a hand out.

Political debate should not be fact free fighting.

Explanation lasts longer than eloquence.

Always favour empowerment over dependency.

The most enduring public figures are embraced for the causes they fought for and not the concept of themselves they hoped others would remember them by.

Find your voice and don't be the echo of somebody else.

It is possible to operate on two different levels: the practical, cautious and conservative; and the realm of ideas, open, free, and radical.