It’s easy to sneer at its politicians, its guns, its culture wars. But America remains the most extraordinary boiling pot of innovation, collaboration and optimism that arguably humans have ever cons… (View Post)

FPT Plenty has been written about why there was no inflation post 2008 in goods and services, despite the huge increase in the money supply. The most compelling explanation I’ve seen is that the high… (View Post)

I wouldn’t care so much if at least you were allowed to travel the other way. I’m still expecting some sort of two households rule bullshit this Christmas and they’ll expect us to be thankful for it … (View Post)

QE represents the reallocation of wealth to capital holders, from those that rely on an earned income. After all, Debt = Savings. Massively increase debt and you de facto increase savings. Followed t… (View Post)

Latest PHE vaccine data is out. As of Sunday, 94.8% of over 50s have received at least one dose. Just extraordinary. Even when vaccines are not supply constrained, that’s a figure that will be the en… (View Post)