Warren Buffet, in a recent interview with CNBC, offers one of the best quotes about the debt ceiling: “I could end the deficit in five minutes. “You just pass a law that says that anytime there is a deficit of more than 3% of GDP, all sitting members of Congress are ineligible for re-election”. He …
Continue reading ‘Snouts in the trough: how Congress makes fools of us all’ »
As Machiavelli wrote in The Prince, ” The first indication of the intelligence of a ruler is given by the quality of the men around him”
In my humble opinion, France is one of the world’s greatest countries. It is a beautiful country with elegant cities, magnificent countries, lofty mountains and (albeit decreasingly), unspoilt beaches. It has punched well above its weight in its contributions to philosophy, economics, art, music, science and literature. Having been devastated by World War 2, it successfully …
Continue reading ‘Why Epicurean Frenchmen should vote for Macron.’ »
His education was sketchy, his knowledge of the world even more so. He was a bully from his earliest years, vain and consumed with the urge to win. He started life as a socialist but later became an ardent nationalist, founding the fascist movement. On becoming ruler he removed political opposition, establishing an elaborate and …
Britain runs a big trade deficit. The last time there was a surplus was in 1984, when it was modest 0.3% of GDP. The current rate is 6%. Leaving the effect of Brexit aside, the government is temporarily averting a balance of payments crisis by selling the country’s gold and silver – the basic infrastructure. …
