Negative interest rates inflate asset prices, keep zombie companies alive, and encourage consumption at the expense of saving. Foxy is correct. (View Post)

In legal/political terms, Rome is like Mount Fuji, in Japanese art. You can’t even talk about law and politics, without using concepts that the Romans devised and terms that are derived from Latin. (View Post)

It's hard to know what Reeves thinks she's doing. Six months ago, I'd assumed that we would have respectable growth for the rest of the year and 2025. The government worked hard to cho… (View Post)

Law can become an instrument of tyranny, most notably under a dictatorship; but also, when the "rights" of anti-social people are prioritised over and above those of the public in general. (View Post)

Plenty of lawyers, too, will use their legal skills to justify anything the dictator wishes to do. “That which is pleasing to the Prince has the force of law” is maxim of Roman Law. (View Post)