The Laffer Curve is not nonsense, but most applications of it are. Too often, including by Laffer himself, the Curve is used as a justification to cut the top-rate of tax on the highest earners witho… (View Post)

Labs, lectures, seminars and marking should be doable for £2m in costs from a cohort of 200 students for all but the most extreme cases. However high you set fees, people will find a way to expand co… (View Post)

Do they? Thinking back to my own University days there were about 200 students in the lecture hall. Each student is paying close to £10000 in fees per annum. That cohort then is paying between them £… (View Post)

Debt to GDP is only one part of the story and in many respects the less important part. The more important part is the deficit. Counterintuitive but its like blood loss. You can be big or small, heav… (View Post)

An even better way of spending our budget is asking the Ukrainians what they would want and investing in building it for them, and making a note for what works to build some for ourselves later on. (View Post)