Welcome to the stagnation nation

Fifteen years after the great financial crisis blew Britain’s economic settlement apart, we’re still scrabbling around for a replacement. The staggering scale of our problems was revealed yesterday in Jeremy Hunt’s thoroughly depressing budget statement. Despite heavy doses of magical …

SVB and the case for chaos

Vladimir Lenin was wrong about many things, but his maxim about the Soviet Union’s bureaucratic state apparatus — “better fewer, but better” — was undoubtedly right. Perhaps more than anything, the USSR demonstrated the flaws of rigid central planning. And …