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There's no question that Trump is a serial scammer who's empowering fraud in general. The likes of Musk, OTOH, have not defrauded their way into power by "baffling people with sophisticated bullshit". Yarvin et al's ideas are adolescent nerd fantasies with niche appeal. Musk has been allowed to...

Sounds more like deer farming. Every deer hunter-gatherers killed added to (not took from) the shared supply; and bunches of guys with pointy sticks had much higher success rates, thus collective pay-offs, than individuals with pointy sticks. I.e. it was positive sum compared to individuals...

Dunno what you mean, but what you've written suggests that you haven't understood what you've read. Govts like the US and UK always spend with the "printing press". The portion they don't tax (back) out of circulation is called the "deficit". If you mean they could run arbitrarily big...

Ditto tennis. The mens game is all serves.

Did anyone else read it as Womens' Sports Bras popping (etc)? Sorry.. still interesting.

Similarly, The Tories have always borrowed more than Labour, and always repaid less : https://www.taxresearch.org.uk/Blog/2021/06/24/the-tories-have-always-borrowed-more-than-labour-and-always-repaid-less-they-are-the-party-of-big-deficit-spending/ The Tories are probably copying the...

(affects, apologies..) ..just to add that it isn't a silver bullet or free lunch. Multipliers are variables, not constants. Enough net govt spending would eventually "crowd out" more efficient private sector use of real resources (Soviet Union..?), but evidence suggests that we're some way from...

Dunno - and dunno where the Tory party is on that axis. Their rhetoric and voter base is all 'family values' and little Englander, but their policies are neoliberal market globalist. Amazing that someone didn't split their vote before now.

Macron's centrist 'Ensemble' was on the ballot (I obviously didn't mean Macron the individual), and came second to the NFP with its extreme left contingent. If, as you say, they had to selectively stand down candidates to stop the extreme right getting more seats, it's hardly evidence of...

Which can be restated as MV = PY where Y is real output or GDP, as measured by all the (T) transactions in the economy - i.e. people providing each other with, and paying for, goods and services And GDP = C + I + G + X-M where G is govt spending (except transfers such as wefare payments)...

Yep. I wonder if US observers still assume that UK parties are somewhere left of US equivalents. Not so: That was in the FT re the Tory "Shift under Truss", but the truly shocking bit is Labour now to the right of the US Dems.

Well, no, or they'd just have voted for Macron. Or for Starmer - who, despite the supposed "landslide", got fewer votes than Corbyn, even in 2019. Electorates are increasingly polarised.

But in seat after seat, the combined Tory + Reform vote would have beaten Labour. The Tories need those votes back, and they'll have to do another deal with Farage to get them. It's still unlikely that he'll become Tory leader, but it's now conceivable. It was inconceivable that teh Donald...

Indeed. The Tory vote has been split by a neo-nationalist right wing party, with Labour the default beneficiary in terms of seats, thanks to FPTP. Despite the purported "landslide", Labour's vote share has barely increased since the purported Tory "landslide" at the last election, and is...

Gotta love "Petrodollars". The term originally meant - as far as anyone can tell - that part of the US current account surplus, 50-odd yrs ago that derived from net energy exports, and has, since, come to mean nearly the opposite, and everything in between, depending on who decries them...

There will be a UK general election on 4th July. According to the latest polls, Reform UK (right wing nationalist, anti-immigration etc) have now overtaken the Tories in terms of raw voting intention, although they're unlikely to win many seats ..this time. Labour remain the front runner but...

According to the cannery operators, you have misidentified the cause, never mind the size or nature of the effect. If someone says they did x mainly because of a,b and c, with d being a minor factor, then it is not a clear example of d causing x, but an example where d on its own would...

Re the American Samoa tuna cannery, the firms in question aver that: "Chicken of the Sea (headquarters in El Segundo, California) According to Chicken of the Sea officials, limited tuna supply was key factor in the decision to close the cannery. The American Samoa minimum wage increases were a...

It's a democratic choice.

As long as output per worker is increasing, you're also earning/buying the prospect of earier retirement yourself. As fewer people produce ever more, the marginal value of additional consumption in the present diminishes compared to retirement years in the future. AKA delayed gratification -...