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Author Archives: Lorenzo

Have worked in the public sector, the non-government sector and now the small business sector.

“Over-valued” is the wrong metric about “bubbles”–housing or otherwise.

Thinking about asset price stability is pervaded by incorrect framings. Particularly if folk start throwing around the term “bubble”. Not the fault of the central banks One incorrect framing is “the central banks did it”; with the finger usually pointed at low interest rates and clams of “easy money” fuelling “bubbles”.  Low interest rates are […]

The nonsense debate over whether the Islamic State is Islamic

Despite claims that political correctness is merely about politeness and not offending folk, the Virtue-signalling that underlies political correctness corrupts public debate in various ways–it puts a criteria (status-as-Virtuous) above facts, it elevates intent over consequences and it sets up various taboos and ludicrous moral distinctions. Such as, for example, the claim that there is some great moral difference between “coloured […]

Why, in the PC universe, there is a paucity of bad Muslims.

Jeffrey Herf (Professor of History, University of Maryland) recently suggested that President Obama apply the same standards to Christianity and Islam. This is a delightfully naive suggestion. First, there seems to be a belief among various Western leaders that criticising any strain within Islam is somehow a criticism of all Muslims. This is, of course, pathetically condescending, […]

“Punching down” and other moral inanities

In the ever-widening world of PC word taboos, there is “punching down“, as in one should not “punch down” (i.e. verbally attack or make fun of folk who are less privileged or empowered than oneself). It sees to have originally started in the field of comedy, so the origins of the term probably has some connection […]

The Nazism of our time

A recurring theme of Algerian-American law academic’s Karima Bennoune‘s moving and informative Your Fatwa Does Not Apply Here: Untold Stories from the Fight Against Muslim Fundamentalism is the disastrous consequences of pandering to Muslim fundamentalism. For example, Karima Bennoune’s Pakistani interlocutors note how important the “Islamisation” program of Zia ul-Haq‘s regime was in encouraging fundamentalism (p.241). The British […]

Justification versus motivation

As more than one commentator has pointed out, much of the contemporary intellectual and political Western elite does not understand, or give much weight to, religious motives. Using religion to justify actions they have a more of a grip on, than doing things for religious motives. The controversy over President Obama’s prayer breakfast comments show this quite well.  In the […]

The revealing differences of returns to origins

Attempts to compare Christianity and Islam often involve citing Scriptures or specific doctrines. The problem with doing so is that, within any faith, people often ignore inconvenient Scriptures or doctrines, vary dramatically in how they read them, in what Scriptures and doctrines they focus on, etc. The logic of belief is not necessarily the logic […]

The revolutionary status quo Power

Based on a comment I originally made here. The US is at once both a revolutionary and a status quo Power. It is a revolutionary Power in the straightforward sense that it is the only contemporary state seriously trying to export its revolution, apart from the Islamic Republic of Iran. It is also a revolutionary Power […]

Plan or strategy?

In Austrian school economics, and economics influenced by the same, there is often talk of entrepreneurs as making plans. This turns up, for example, in Mark Casson’s entrepreneurial theory of the firm (pdf). As someone who is actually in business, I find the notion of plan somewhat problematic. The business I am a principal of does not make plans in […]

Good appeasement and bad appeasement

Appeasement–in the form of conciliatory concessions–can be a perfectly reasonable way of dealing with folk. It entirely depends on how limited their aims are. Mixed past So, the Middle Realm‘s Sons of Heaven used appeasement successfully for centuries in dealing with the steppe nomads to their north, the only open border of a unified China (with the partial […]