Because the public voted for them? (View Post)

We will never know, but I don't think there's much doubt that the BoE was better at supervising the financial sector than its successors. At any rate, it could hardly have been worse. Certa… (View Post)

The crash was a failure of financial regulation. And which politician had been in charge of financial regulation for the decade before the crash when the most dangerous imbalances built up and indeed… (View Post)

Blair would have got us into the euro (and I think still, bizarrely, supports membership, or would if we hadn't left the EU). Iraq. Lisbon referendum. Botched devolution and constitutional refor… (View Post)

We still had control of the NA Ocean for a century and more after American independence, as the Americans discovered to their cost in the War of 1812. (View Post)