Monthly Archives: September 2019

From Fixed Income to Sure Loss: what’s left of Capital in the Twenty-First Century

Thomas Piketty is what passes for an economist in France. His essay Capital in the 21st Century, went on for 1000 pages to come to the following conclusion: “Once a fortune is established, the capital grows according to a dynamic … Continue reading

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Nationalists of the World, Unite!

Yesterday, Narendra Modi, the Hindu nationalist Prime Minister of India, drew a crowd of 50,000 “Howdy, Modi” fans and President Trump at a Texas Stadium. To the untrained eye, Mr Modi’s speech might seem to escalate the tension with Pakistan … Continue reading

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