Yes, but when was the last time inflation was at 6%+ too? It's real interest rates, not nominal, that ultimately determines the debt burden. (View Post)

Yes. What changes in nominal, but not real interest rates do is to redistribute the real burden of the debt over time. If you low interest rates and inflation, the debt burden is much lower at the st… (View Post)

Not only that, but Starmer ran on a Corbynite platform to become Labour leader. He gets an astonishingly easy ride for this. He is just as opportunist and dishonest as Johnson, if not even more so. (View Post)

They aren't relevant at all until 3-6 months before the election. That means they are relevant all the time during a minority government, because there could be a general election at any time. B… (View Post)

The Wall Street Journal article linked in it is actually even better, describing in minute detail a battle for a strategic village in southern Ukraine where the Ukrainians routed a Russian attack. (View Post)