Adam Smith on Government Spending on Public Spectacles

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 … More Adam Smith on Government Spending on Public SpectaclesMore Adam Smith on Government Spending on Public Spectacles

Milton Friedman’s Wisdom and the Impending London Olympics

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 … More Milton Friedman’s Wisdom and the Impending London OlympicsMore Milton Friedman’s Wisdom and the Impending London Olympics

Digital Camera Carnival: Pentax Optio W10

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 … More Digital Camera Carnival: Pentax Optio W10More Digital Camera Carnival: Pentax Optio W10