rcs1000

The US runs a trade deficit. Trump wants to reduce the trade deficit. This is not stupid. The US has - for some time - lived beyond its means. It is not entirely stupid to use tariffs as a one of the… (View Post)

John Brook's Business Adventures has an excellent chapter on the defence of Sterling (inside the Bretton Woods system) in 1964: https://carriere.ro/uploads/simplex/Business-Adventures_-Twelve-John-Br… (View Post)

Nevertheless, the whole premise of bilateral trade deficits is fundamentally dumb, as even you must acknowledge. If country A sells natural gas to country B which sells fertilizer to country C which … (View Post)

Ah, so a bit like liberal Democrat MPs under Jo Swinson. (View Post)

I met Tony Blair too. He did not impress. Ken Clarke I met at the Cambridge Union, where he demonstrated an extraordinary ability to drink alcohol and smoke. He was clearly very smart. But he was lik… (View Post)