This did not come entirely as a surprise. As a graduate student at Yale I experimented with LSD. Why anyone ever thought this drug would sweep the world and reduce the youth of the West to a state of gibbering addiction I cannot imagine because it was no fun at all, just weird. Among a
If only Alan Greenspan had read John Locke more attentively. The 17th-century philosopher, who doubled as a brilliant economist, was among the earliest exponents of the law of unintended consequences. It is one of the most powerful lessons economics has to teach, yet one the former US Federal Reserve chairman conspicuously failed to heed. To
Chilling echoes of the 2001 dotcom crash attended the flotation of the internet price comparison business Moneysupermarket.com at the end of last month. Simon Nixon — not the financial journalist of that name but the company’s founder — was jetting around America and Europe on his roadshow as the market started to wobble, spooked by
In this age of creeping censorship ‘mad’ is not a word to be used lightly. It would certainly be unlawful to use it in Kipling’s sense when he refers to frontier tribes being ‘stirred up’ by ‘a mad mullah’. In this age of creeping censorship ‘mad’ is not a word to be used lightly. It
