Opinionomics | 30 March 2012

Must read analysis and comment. Featuring Spanish conservatives and an economist bust-up.

1. Forever Delayed: Business Investment (ToUChstone)

Duncan Wheldon shows how business investment is always two years in the future; any deficit reduction plan which relies on it picking up again without explaining why it will do so is fighting an uphill battle.

2. HMRC now subscribes to La-La Laffer and to the idea that companies don’t pay tax (Tax Research UK)

Richard Murphy presents one side of the argument on corporation taxes...

3. @richardjmurphy *still* doesn’t get friggin’ tax incidence (Tim Worstall)

...And Tim Worstall presents the other.

4. Conservative government still has a chance to get it right on fiscal policy (Not the Treasury view)

(It's about Spain)

5. Copyright stagnation (Offsetting Behaviour)

Eric Crampton with a killer graph showing the effects of copyright on availability.

Arthur Laffer giving a keynote speech to University of Tennessee in better days

Alex Hern is a technology reporter for the Guardian. He was formerly staff writer at the New Statesman. You should follow Alex on Twitter.

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Word of the week: Michellania


Each week The Staggers will pick a new word to describe our uncharted political and socioeconomic territory. 

After brash Republican presidential nominee Donald Trump paraded his family at the national convention, the word of the week is:

Michellania (n)

A speech made of words and phrases gathered from different sources, such as Michelle Obama speeches and Rick Astley lyrics.

Usage: 

"I listened hard, but all I heard was michellania."

"Can you really tell the difference between all this michellania?"

"This michellania - you couldn't make it up."

Articles to read if you're sick of michellania:

Do you have a suggestion for next week's word? Share it in the form below.