The negative consequences were all known in advance, and the government was warned about them. They did it anyway, because it’s an article of faith rather than a rational policy. Annoying the 7% was … (View Post)

Another refinery on fire. This one at Ufa, 1,500km from Ukraine, and hit in broad daylight. https://x.com/angelshalagina/status/2070063223856845112 It’s like shooting fish in a barrel at this point. … (View Post)

Brent Crude $72 and falling this morning, only a couple of % from where it was in February. There’s not a lot of selling that Putin can do right now anyway, perhaps a bit of crude to China in exchang… (View Post)

Yup, today is Day 1583 of the three-day SMO. Not sure Putin had “Moscow on fire, queues for petrol and cash, central bank printing 5trn Rubles, Crimea being starved out” on his bingo card back in Feb… (View Post)

There’s way more questions than answers for moving to a land value or property value tax. It’s probably the preferred end state, but the way there will be very rocky indeed. Land value or property va… (View Post)