I have decided to be a bit more political in dealing with the presentations today.
So, so far:
- I questioned Mark Pennington’s assertation that it is better to let the market look after the environment. It would a political disaster if we were to put forward such a case. Despite the sound basis for such move, public sentiment is hugely not in favour of liberalizing environmental issues.
- I sat next to Prof Patrick Minford over lunch and suggested that, while I agree that there is a good case for a flat-tax, it would be yet another political disaster if we put forward such a case. I also asked why Thatcher and Lawson did not not set in motion the move towards flat taxation.
More to come….
A talk on Adam Smith at 3pm and a drinks reception with the IEA in the evening.
Now, time to take a tour around Cambridge.
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