Thursday , November 21 2019
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Charlie Paice

Articles by Charlie Paice

The AI Economy by Roger Bootle

23 days ago

The AI Economy by Roger Bootle is a very good read. Roger is Chairman of Capital Economics, Europe’s largest macroeconomic consultancy and he also writes a column for The Daily Telegraph. Throughout the book, Bootle gives a clear introduction to the relevant topics surrounding AI, from the different types of universal basic income to the supporting arguments and critiques of Piketty’s work on inequality. His style involves clearly laying out theories and their critiques, sometimes even in bullet point lists, before giving his own judgement.  The book ranges from discussions over the possibility of deficient demand impacting on bond yields to what school subjects will be desired in the future. This makes it an informative book for everyone from traders to students. He remains optimistic

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Banning private schools, another archaic and foolish idea from Old Labour

September 23, 2019

You would think that this subject had been settled long ago but it has hit the news again recently with Old Labour recycling some of their 1970s ideas. A motion to abolish private schools and redistribute their assets, backed by John McDonnell and having been agreed upon this conference, will be Labour policy from now on. Unlike some, I do not agree that Mr McDonnell demonstrates a hypocrisy in the argument considering he went to a private school. Indeed, McDonnell, himself, may be a good enough argument to support removing private schools.  There are well worn practical arguments – such as the cost and the impact abolishing private schools would have on the state sector. I believe these still stand and have not been sufficiently challenged. But, willing to put a few more nails in the

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A Third Way for Education

September 20, 2019

Our school system is far from perfect. At the moment reform is being dominated by the left. In the upcoming Labour party conference, a motion, backed by John McDonnell, has been tabled to make it Labour policy to abolish all private schools. This is a massive step up from the already radical proposals from the Labour party. At the same time the Conservative party, unironically, have nothing to do but argue for a continuation of the current system. There must be an alternative to both of these suboptimal realities, a ‘third way,’ if you like, and there is – school vouchers.A purist school voucher system is where the state has no role in the production of education. There is no “state school” or “private school” distinction. All schools are operated by either charities or businesses. The

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Nicola Sturgeon and Robert Mugabe

September 10, 2019

Robert Mugabe died four days ago on the 6th September 2019. He will be remembered for his human rights abuses, corruption and his disastrous land reform.Nicola Sturgeon is definitely not Robert Mugabe, but we can identify some similar themes within their ideologies. The SNP are known to be massive fans of land reform. They promise a new vision for Scotland with "a target of one million acres of land being in community ownership by 2020." However, there appears to be something much more sinister going on. The SNP claim the aim of registration is "to ensure that Scotland’s land must be an asset that benefits the many, not the few, and that our system of land rights promotes fairness, social justice, environmental sustainability and economic prosperity for all in our rural and urban

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How the UK pension system is a massive Ponzi scheme

September 2, 2019

Charles Ponzi was born in Italy in 1882 and immigrated to Boston in 1903. In January 1920 he set up a small scheme that involved buying vouchers for cheap postage stamps in Italy which could also be exchanged for more expensive stamps in the United States – thus making a profit from the difference. However, he soon realised he could make a lot more money by using new money from new investors to pay returns to old investors. This delivered high returns to investors and thus grew incredibly popular and thus even more rewarding. However, it eventually collapsed on the 11th of August when it all came to light on the front page of the Boston Post.  However, the central idea of the scheme of relying upon income from new investors to pay old ones ("robbing Peter to pay Paul") sounds slightly

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Give second homes a second chance

August 28, 2019

There have been a number of schemes both proposed and enacted to try and tackle the perceived problem of ‘second homes’. The ASI has written about the issue of second homes before (here).  Since then the problem of second homes has been strongly connected to the shortage of housing in this country. Many immediately put forward the case of restricting the welfare of others instead of addressing the root of the issue – that there are not enough homes for those living in these popular tourist communities. The St. Ives scheme of banning the construction of second homes has some serious flaws as pointed out in these excellent articles by Christian Hilber at the LSE (here) and (here). This ban will likely result in an accelerated destruction of the communities. Firstly, it maims growth (and

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Jeremy Corbyn’s Green De-industrial Revolution

August 27, 2019

A week ago Jeremy Corbyn visited the Centre for Alternative Technology in Wales; a site that looks more like the survivors camp from a dystopian movie than a bright vision of the future. I suppose it is apt then that this is where he once again announced plans for his green industrial revolution – a sweeping programme of nationalisation, market restrictions and public spending. It might not send us straight back to the stone age, but it  would result in years of unnecessary economic hardship, stagnation, and a higher bill for families and taxpayers. It is ironic that while Labour argues that business executives and not consumers should be blamed for this ‘climate emergency’ their policies would leave consumers worse off and shoulder a heavy burden onto the taxpayer. Labour’s focus though

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Greetings everyone!

August 19, 2019

I have always wanted to take a gap year but was looking for something more interesting than the traditional ‘gap yah with Tarquin’. Thus, I was thrilled to find out that I would be spending my Gap Year at the Adam Smith Institute and getting involved in their policy-related mischief. The gap year is an opportunity to develop and research my political ideas before returning to a generation that seems increasingly in veneration of socialism. Thus, rather than spending my September in a fresher’s week explaining to drunk people in the pub why there’s nothing wrong with student tuition fees, I thought I would enjoy it more in Westminster talking to people less likely to glass me. I look forward to the opportunities for research and meeting interesting people in the year ahead. I have a number

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