I announced this post in an earlier one and am cursing myself for not mentioning the entry fee – a lousy £1000 per competition! Still, my beloved readership would regard that as sharp practice. So, entry is free. £0 wins you £100M.
I earnestly hope that the prize-money will not contribute to inflation. I have good reason to believe that it will not. Inflation is rising and will rise nevertheless.
There is no instance in History in which Fiat Currency has not resulted in catastrophic inflation/monetary collapse.
Anyway, here are the competitions/challenges.
The Pol Pot Challenge
To win £100M, name one statist regime which has not resulted in poverty, death and immiseration.
The Solyndra Challenge
To win £100M, show that any government sponsored business initiative has ever been anything other than a catastrophic failure. We regret that we are unable to match the Obama Administration’s $500M loan to Solyndra, ten minutes before it collapsed.
NB: The judge’s decision, in each case, will be final and no correspondence will be entered in to.