How to live with inflation

There are policies that seem to work and some that don’t. But the policy that always works best is no policy at all. That is, left alone, people do the best they can with what they have. Only they kno

Argentina’s president, Javier Milei, is one of the few bright stars in the vast, dead, black, cold and empty universe of politics. Whatever else can be said about him, that star is rising. Milei led h

The world is full of recurring patterns, not just in the natural world but in the social realm, too. There is the boom-bubble-bust cycle of the stockmarket. There is what we call the Primary Trend, in

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“History is just one f**king thing after another,” declares a vulgar schoolboy in Alan Bennett’s play The History Boys. Surveying the past 25 years can feel the same way. From Iraq to the euro crisis

Mistakes have their place. As a society matures, its elites seek to get more and more of its surplus output for themselves. They “milk the system”, becoming more corrupt over time. They get richer. Th