Laws of Economics

I have formulated three laws of economics. Like many such laws, they may appear obvious. But I don’t think this detracts from their truth. Stein’s first law of economics: When someone tells you, this time it’s different, sell. If they advance esoteric theories to back up their statement, sell at…

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Happy Tax Freedom Day

Last Saturday (3rd June, 2006) was Tax Freedom Day (TFD) for the UK. I take a certain interest in this, as I actually calculate TFD for the United Kingdom. For those of you who don’t know what TFD is, here is a brief explanation. Assume that from 1st January every…

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