“When the tide goes out you discover who’s been swimming naked”. Thus spake the sage of Omaha, Warren Buffet. When government ministers are floundering, manifestly out of their depth, you know, despite all official protestations, [more…]
As the spread of Covid begins to wane we should consider afresh whether, for example, a shopkeeper who travels to work to open his business is in fact acting irresponsibly. This comes, as ever, down [more…]
I am writing this in South Africa, where its currency, the rand, provides a useful illustration of the effects of monetary inflation described in Part 1. When I was last here, three years ago, the [more…]
I am typing this in the SAA Business Lounge of Durban airport, awaiting a call to board a flight to Johannesburg, where we are due to take the last flight to London before all international [more…]
Interview with Godfrey Bloom The latest election in the UK promised to bring about a long-overdue end to the Brexit story. Getting out the EU has been a long and winding road for Britain and [more…]
We must be cautious how we welcome Andrew Bailey, Mark Carney was certainly the worst governor in post war history so CoCo the clown would look good initially. He has to date been what a [more…]
A few years ago, shortly after the 2008 subprime lending disaster, the Fed sent a public relations team around the country to conduct supposedly “educational sessions” about how the Fed works and the wonderful things [more…]
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