It wasn't that it was light touch. It was that it was singularly incompetent, focusing on box-checking rather than outputs, missing God knows how many indicators of over leverage and run by inco… (View Post)

The Russian Church is anti-masturbation and pro-aggression. Imagine how much better that part of the world would be if it were pro-masturbation and anti-aggression. (View Post)

She was wrong to oppose it - it was completely inevitable, and consistent with the UN principles the UK signed up to, especially self-determination, and what we were supposed to have been fighting th… (View Post)

I have been thinking a bit in the last few hours about German reunification and its economic consequences. It had huge effects not only on Germany but also on the UK - the higher interest rates it ne… (View Post)

Not recently. There were big improvements in the fifteen years after the fall of Communism, probably due to the imposition of West German property rights and laws on the East, but relative improvemen… (View Post)