Skip to main content

Free Speech

As an academic, I am a supporter of free speech and the right to express our ideas even if other people don't like them.  In the UK, section 5 of the 1986 Public Order Act outlaws 'insulting words or behaviour'.  But who decides what is insulting?  If someone says (as they occasionally do) that I am to the right of Genghis Khan, I feel insulted.  Should I therefore dial 999 (911 for US readers)?  If someone criticises my paper at a conference in the UK and they use insulting words whilst doing so, should I report them to the police?    

Reform Section 5, a new pressure group set up by  bunch of secular, libertarian, and Christian think-tanks / lobbying groups, highlights some of the ridiculous arrests and cases that have come before the courts as a result of section 5.  See the video below, where David Davis MP explains the reasons for setting up Reform Section 5.   

My favourite novel is George Orwell's 1984.  Orwell was so prescient - the world he describes is similar in many ways to the crazy world we live in today, where freedom of speech or freedom to express our ideas and beliefs is increasingly constrained.    



Popular posts from this blog

Bitcoin Bubble?

According to Robert Shiller , speaking at Davos, Bitcoin is a perfect example of a bubble - story here . Shiller sees Bitcoin as a backwards step in the evolution of money.   George Selgin , a free banker, takes an opposing view - click here .  Although he doesn't believe that Bitcoin is money, he sees its development as a fascinating turn in the evolution of money. In particular, he lauds the fact that Bitcoin production is constrained and cannot be infinite. There is a short video below where Bitcoin explain how it works.

How Valuable Are Connections?

Daron Acemoglu, Simon Johnson, Amir Kermani, James Kwak and Todd Mitton have written a paper on whether firms connected to Timothy Geithner benefited from these connections. They do so by looking at how stocks of these firms reacted to the announcement that he was a nominee for Treasury Secretary in November 2008. They find that there were large abnormal returns for connected firms. Below is the paper's abstract and the full paper is available here . The announcement of Timothy Geithner as nominee for Treasury Secretary in November 2008 produced a cumulative abnormal return for financial firms with which he had a connection. This return was about 6% after the first full day of trading and about 12% after ten trading days. There were subsequently abnormal negative returns for connected firms when news broke that Geithner's confirmation might be derailed by tax issues. Excess returns for connected firms may reflect the perceived impact of relying on the advice of a small ne...

Boom and Bust: A Global History of Financial Bubbles

Boom and Bust: A Global History of Financial Bubbles, co-authored with my colleague Will Quinn , is forthcoming in August. It is published by Cambridge University Press and is available for pre-order at Amazon , Barnes and Noble , Waterstones and Cambridge University Press .