When we set up this blog, several of us were inspired by the “Volokh Conspiracy”:http://volokh.com/, which has done a quite remarkable job in combining smart political and intellectual commentary. We’re now taking another leaf from the Volokhs’ book; from here on, we hope to invite the occasional guest-blogger to join us for a week or so. We’re all very grateful to “John Quiggin”:http://mentalspace.ranters.net/quiggin/, who has very decently agreed to be our inaugural guest-blogger. We hope that most of you are already reading his blog (if you aren’t, you ought to be) – he’s one of the smartest economic and political commentators out there. We’re pleased to have him on board.