The Wild West ... the outback ... The new world of the 1800s was a time of true liberty. People stood on their own merits. They won or they lost and they reaped the rewards or swallowed the consequences. There were no cubicle dwelling civil servants hell bent on saving you from yourself. No planning permits no licenses no permissions no heritage overlay no bylaw no regulators no inspectors. And guess what ... it worked

This site is set up to provide a forum for a number of like minded professional economists to post and comment on contemporary issues. There are a number of regular contributors whose bios are made available on the site. Most if not all of these contributors use a pseudonym for the simple reason that they are practicing economists who must take into consideration the commercial implications of posting their opinions.

While some may feel that this is a bit of a gutless approach it is the only way we can ensure free and open discussion without jeopardising our paycheques.

Tuesday, September 29, 2009

Crime and punishment (addendum)

When I wrote the preceding article I sampled a dozen of the executed felons and in every case they made final statements consistent with my thesis.

However, my lovely wife just sat down to read the article and have a look at the database of last statements. As she did so it became apparent that a large number of the felons she sampled were not apologetic, thus totaly contradicting my contention.

Apologies ....

But we shouldn't let a little bit of sampling error get in the way of a good story.


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