Kwarteng's budget is not a supply-side policy. It's a huge stimulus, as is pretty clear from rate expectation and the currency drop. WSJ have just discovered another Reagan who cuts taxes, … (View Post)

My impression is also that it was less desirable to live in cities at that time. There was nothing like a restaurant culture, pubs were boozers and the drugs were about as tame as tobacco. (View Post)

Yes, part of the problem does seem to be that generation we-pay-too-much is also generation I'd-never-live-THERE. (View Post)

They have scads of cash from unearned wealth, the kind everyone wants to take from everyone else. It is like saying we should follow the fiscal policy of Shangri-La. (View Post)

Nobody would be moronic enough to hold wealth in the country ever again. (View Post)