Two areas where I am out of step,…

I read a lot of material from experts on politics, economics and international affairs. As a result, I think I have a pretty good idea of the consensus views of respected pundits, which are sometimes…

Where Brexit Goes, the Law Shall Follow

By Rebecca Christie, a visiting fellow at Breugel and a political correspondent in Brussels for Bloomberg News from 2011 to 2016. Originally published at Breugel. The UK is leaving the European Union, in spirit if…

2:00PM Water Cooler 6/24/2019

By Lambert Strether of Corrente. Patient readers, as Yves approaches escape velocity from New York this week, I will be taking on more posting duties, and so Water Cooler may appear at odd times; and…

Links 6/22/19

German firefighters rescue squirrel stuck in manhole cover AP Seals can copy human speech and sing Star Wars theme tune, new study says Sky News. n=3. It’s Younger and Cooler Than a Carbon Tax The…

Brexit: Sleepwalking

As UK-based readers know all too well, the odds of a no deal Brexit have risen, to the degree that the measured Sir Ivan Rogers in a speech earlier this week deemed it to be…

Australia Is at War With Itself Over China

Yves here. The Australian security state has declared war on the Government over China. The last time something similar took place was under Prime Minister Gough Whitlam. As John Pilger wrote in the Guardian: Whitlam…

Brexit Dithering

With the Tory Party leadership contest set to dominate British political news for the next few weeks, Brexit is going on hold. Not only does this mean no forward motion on the UK side (even…

Does Japan Do MMT?

Yves here. Randy Wray has an important post on how, contrary to the views of some pundits, Japan isn’t following MMT principles, particularly with Prime Minister Abe raising the sales tax when Japan has a…