Travelling Optimistically Today

Am en route with kids screaming and just caught some of the Olympics closing ceremony.

London 2012 will of course over-run in costs by billions, burden taxpayers in London in particular, cause immense problems for the host city, not get a return on investment and generally result in a lot of moaning. As a libertarian who would prefer it to have been run as a private venture – the 1984 Olympics in Los Angeles made a $200 million profit – you would expect Guido to moan.

It will however also generate a lot of pride and excitement, so rather than begrudging it, maybe we should just make the most of it. Who knows, with Boris in charge and a Conservative government in power, it might, like Ronald Reagan’s 1984 Olympics, even make a profit – we can dream...




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Quote of the Day

Speaking at the Salzburg Summit on the Brexit negotiations, Juncker revealed:

“No decision will be taken here. Whenever the Commission is too flexible things are going wrong.”

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