Elephantstrunk

Bungs are straightforward kickbacks and it would be better if they were called bribes. Football managers have large amounts of other people’s money at their disposal and can use that to trade off their own benefits against their employer’s.
But what about who pays the agent? See the Independent for example. The Ashley Cole affair turned […]

Tyler Cowen displays remarkable ingenuity in an attempt to explain why it is not a bad thing that the world’s most expensive healthcare system is not the best. The Economist’s View comments are particuarly good.

Changing the yardstick from health and longevity measures to Nobel prizes and customer satisfaction doesn’t convince.
David Cutler paints a different picture […]