Back in the mists of time, I was a taxi licenser. We noticed that there was a small number of taxi drivers who stuck at it a full 8 to 10 hours a day, rain or shine, come what may, whereas most drivers would drive until they'd made a target, then go home, whether that be 10am or 10pm. The first group made more money, even accounting for the days they drove around for ten hours empty. They usually then got out of the taxi biz and did what they wanted to do that they could now afford, while everybody else was slogging around driving taxis until they drove into a coffin.
This is also one of those things we've proper academic research upon. And to hte academics is was a bit of a shock to find out what you've just said. Goes to show, sometimes data is the plural of anecdote.
The one thing you can’t deny is that the great utility of Richard Murphy and his economic musings is to provide an endless supply of material for your columns!
I think you mention him more often than sound thinkers such as Hayek.
Couple of decades back the Press Gazette asked my why I read The Guardian. "Well, if you're setting yourself up as a critic of bad economic ideas a never-ending source of material has its merits....."
Back in the mists of time, I was a taxi licenser. We noticed that there was a small number of taxi drivers who stuck at it a full 8 to 10 hours a day, rain or shine, come what may, whereas most drivers would drive until they'd made a target, then go home, whether that be 10am or 10pm. The first group made more money, even accounting for the days they drove around for ten hours empty. They usually then got out of the taxi biz and did what they wanted to do that they could now afford, while everybody else was slogging around driving taxis until they drove into a coffin.
This is also one of those things we've proper academic research upon. And to hte academics is was a bit of a shock to find out what you've just said. Goes to show, sometimes data is the plural of anecdote.
The major problem with his thinking is that we dont all work so the state can extort most of it and go on a spending splurge.
The one thing you can’t deny is that the great utility of Richard Murphy and his economic musings is to provide an endless supply of material for your columns!
I think you mention him more often than sound thinkers such as Hayek.
Couple of decades back the Press Gazette asked my why I read The Guardian. "Well, if you're setting yourself up as a critic of bad economic ideas a never-ending source of material has its merits....."
Supply creating it's own demand there.