Month: January 2021

The Bear’s Lair: The costs and pluses of Bidenomics

President Joe Biden’s economic program is becoming fairly clear and as expected it imposes severe costs on the U.S. economy. There are however also some positive nuggets, which we should welcome and hope to keep for better times ahead. Even with those nuggets, however, the economic outlook is grim, largely because of policies on which […]

The Bear’s Lair: Delenda Est Facebook

The Twitter and Facebook bans on President Trump and the Apple, Google and Amazon bans of Parler certainly intensify one’s dislike of those tech sector giants. Yet beyond dislike, there is a question to be answered: is it possible that, despite their astronomical stock market valuations, they may reduce the overall economic value of global […]

The Bear’s Lair: The costs of consensus

I have just been researching the politics, ideas and economics of the Restoration period. While political differences were enormous and at times lethal – between outright “Leveller” republicans and followers of Sir Robert Filmer’s “Patriarcha” who believed in absolute monarchy — it was scientifically and economically as creative and entrepreneurial a period as Britain has […]

The Bear’s Lair: The collapse of California

My address book of friends living in California, some of them rich, has in 2020 gone from double digits to zero. Even within the economically doom-ridden United States, California’s outlook is especially grim, with “Bearmageddon” due in five years rather than ten. Yet there is an avenue of escape: the state must be split into […]