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

Dominic Raab wrote in his letter of resignation…

“This is, at its heart, a matter of public trust,” he told the PM, concluding: “I cannot reconcile the terms of the proposed deal with the promises we made to the country in our manifesto at the last election… I believe that the regulatory regime proposed for Northern Ireland presents a very real threat to the integrity of the United Kingdom. I cannot support an indefinite backstop arrangement, where the EU holds a veto over our ability to exit…”

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