Putting up barriers to trade and investment will reduce wealth relative to not doing so. The question is how much, which is a difficult number to determine, but it doesn't mean the models are in… (View Post)

Curious if the Trump regime is the most corrupt there has ever been in absolute terms - reflecting that the United States is an exceptionally wealthy country (View Post)

Of course. But at least 80% of workplace procedures, probably 90%, serve a useful function. The aim is to protect or enhance in most instances where it is applied. They don't need to be optimal … (View Post)

The whole Mandelson disaster is a clear advertisement why it's important to follow procedure to get OK outcomes most of the time. People who think procedure can only be performative have no idea… (View Post)

Almost every five star hotel is devoid of soul, which is why I tend to prefer three star places. When my sister in law had her cancer diagnosis, we decided life is too short, five star from now on. W… (View Post)