Greens Still Back Lottery Ban Despite Gold

Given that their candidates seem to spend half the time waving Nazi flags and doubling as escorts, nowadays the Green Party have to do something special for Guido to raise an eyebrow. Nonetheless, this is loony even by their standards: they want to scrap the National Lottery. Apparently the Lottery is part of a great conspiracy to make big business even richer and it should be replaced by a disturbingly Soviet-sounding “wealth distribution system“.

Clearly the Greens believe that National Lottery schemes such as helping war heroes and backing Team GB are not worthy causes. Even in the face of Olympic glory. On the right side of public opinion once again…




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Quote of the Day

The FT’s Wolfgang Munchau on the “fake maths” of economic forecasts:

“The truth is that our ability to forecast the future beyond the current quarter is limited… The curse of our time is fake maths. Think of it as fake news for numerically literate intellectuals: it is the abuse of statistics and economic models to peddle one’s own political prejudice… The fakeness of the maths lies in an exaggerated inference. Economic models have their uses, as do opinion polls. They provide information to policymakers and markets. But nobody can see through the fog of the future.”

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