Hmm.

There's obviously a letter from 200 economists lurking somewhere that urged Argentinians not to vote for Milei.

Idea. If the government insists on valuing your home for a wealth tax (an illiquid asset with no true valuation until someone actually pays for it) they should be obliged to buy it at that price if you choose to sell. Would quickly remove the bias for overvaluation and

I'm not sure overcapacity is such a problem when the state controls production and demand. China can deploy idle factories to raise living standards and strategic strength. Build better infrastructure, defense and advanced tech. What the West calls inefficiency is their latent

Well, today has been pleasant in the Argentina section of the portfolio. Back in the running.

That should stop the head scratching over not seeing posts I know those I follow have posted. Hope it will now be as it always should have been.

Attn. Ed Miliband

Silver tweets have evaporated.

I'm old enough to remember when the questions on BBC's Mastermind were vaguely challenging. #DumbingDown

Every UK student should visit a modern Far East city. Nothing cures the illusion of Western centrality like seeing where the real engines of progress are. A useful antidote to campus protests by students convinced we run the world.

You only hear of financial price moves in the MSM when they can be used as clubs to beat political opponents with.

Good Morning from Germany, which is increasingly turning into a state-driven economy. A new chart from the Ifo Institute shows that since 2015 only govt consumption has grown (now 25% above 2015 level), while private-sector investment has fallen back to the levels of a decade