Developed countries with floating exchange rates never "need" IMF programs - implementing moderately competent economic policy is always the solution. Arguing that the UK didn't "… (View Post)

That's what happens when you have legal inquiries led by judges, though. They do not understand mathematical or economic questions, and are not interested in them. What they care about is proces… (View Post)

No, it's driven by genuine problems, which London has in abundance - staggeringly expensive housing, higher poverty levels than any other region in southern England, a dismal one-party city gove… (View Post)

Did you read the judgement? What part do you think is idiotic, as opposed to just disagreeing with it? I read some of it at the time, and, while I didn't agree with all of it, I thought it was p… (View Post)

Of course they've made it worse. Repeatedly kicking the private sector in the balls is the way to devastate economy activity, not stimulate it. That goes for construction, just as for any other … (View Post)