Given the decision was to cut interest rates at a time of rising inflation that was by no means the most ludicrous thing about it. Pretending that the Bank is genuinely independent is becoming harder… (View Post)

Now that would be an improvement. (View Post)

I didn't assume savings would be productively invested, I merely pointed out that if you are to have productive investment it has to come from somewhere. The only public policy that has really helped… (View Post)

I have already acknowledged that with the uncertainties that the government had no choice but to act in 2020. It could have turned out to be a lot worse than it did and precautions were appropriate. … (View Post)

It is indeed. And yet society operates as normal without lockdowns, without masks and with education. Hindsight is easy but I think the argument that we massively overreacted to a relatively moderate… (View Post)