The neo-liberal think tank 'The Adam Smith Society' held a party in London last night (thanks to Timmy Worstall for the tip-off). The ASI is devoted to 'cutting government waste.' But I wager there are two areas of 'government waste' guests there would not have taken issue with- the £2.8m a day the British taxpayer is paying for the illegal war in Iraq- and the £6bn we have coughed up to subsidise Britain privatised railway companies. The ASI claims to be 'non-political'. But if this really is the case - why are they so silent on these two glaring examples of 'government waste'? I suggest readers who are interested in finding out an answer send them a polite email.