Tariffs on things like steel and aluminium are dumb: they mean US car makers will need to pay more for steel than people with plants outside the US. In fact they mean that steel and aluminium are act… (View Post)

Well: there is a very clear positive correlation between country size and amount of trade. The smaller the country, the less likely they are to be able to do produce everything themselves. So you nee… (View Post)

Indeed: should Starmer look like he's heading for a schellecking, then it is more likely than not he will be replaced. (View Post)

Well: $4.7trn of $36.2trn is held by the Federal Reserve and is the legacy of the Quantitive Easing. So, almost 15% of US government debt could simply be written off. One could also simply declare th… (View Post)

It was also emblematic of Trump's belief that the rules do not apply to him. (View Post)