Lynne Kiesling My previous post on government spending on the London Olympics reminded me that Adam Smith’s Wealth of Nations has a passage in which he argues for public spending on “public diversions” as a protection against the perils of faction. In particular, Smith was worried about the potentially corrosive effects on general public morality …
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Lynne Kiesling Jonathan Pearce at Samizdata has a dandy little post on the London Olympics and some words of wisdom from Milton Friedman. I was also struck (but not surprised) earlier this week by the estimates that cost overruns for the 2012 Olympics would be substantial, to the tune of around 50 percent at £5 …
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Lynne Kiesling Glenn Reynolds is hosting a digital camera carnival, with further entries today or Friday. In August I replaced my 6-year-old Nikon CoolPix (2MP, with a nifty rotating lens for self-portraits) because it has huge refresh and latency problems. Not a big deal for holiday snaps (grin grin, wink wink, nudge nudge, say no …
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