Reading

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Fri, 06/03/2026 - 23:05
Mar 05, 2026 I. What is happening to the ‘rules-based international order’ despairingly invoked by bewildered European leaders? The broad answer is that we are living through the retreat of American hegemony, masked by bluster and marked by contradictions. The retreat has two aspects, economic and geopolitical. Economists talk about Trump’s tariffs breaking up the … Continue reading What comes after America’s retreat?
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Fri, 06/03/2026 - 23:03
Mar 03, 2026 Given the premise, it becomes easy to treat disparate events as mutually reinforcing confirmation of it, often yielding elaborate conspiracy theories. The standard Russophobe narrative runs roughly as follows: Historically, Russophobia has succeeded an earlier Germanophobia. One recalls the Daily Mail’s 1909 series alleging that Germany was “deliberately preparing to destroy the British … Continue reading Paranoid Corner (3)
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Fri, 06/03/2026 - 22:59
Feb 23, 2026 In his sophisticated 20 January address to the Davos World Economic Forum, Canada’s prime minister and former Bank of England governor Mark Carney offered an insight into the disintegration of the global economy which went well beyond the usual strictures on Trump for mental instability or megalomania. While Canada, like other middle-sized … Continue reading On Mark Carney and the Fate of Liberal Economies
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Fri, 06/03/2026 - 22:45
Jan 23, 2026 I The economics of John Maynard Keynes (1883–1946) was built on his philosophy. Economics was the means to the good life, not the good life itself. Keynes’s own genius was practical, and so both his temperament and the events of his time conspired to keep him anchored in the realm of means. … Continue reading Keynes and Money, or Where Has All the Money Gone?
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Fri, 06/03/2026 - 22:40
Jan 10, 2026 Wittgenstein wrote: “One thinks one is tracking the outline of a thing’s nature and one is merely tracing round the frame through which one looks at it.” In this spirit, I try to conjure up a debate between two frames for looking at the Ukraine war. The post below reproduces the main … Continue reading Follow-up to: ‘Ukraine – the delusions of the warmongers’
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Thu, 05/03/2026 - 16:26
I finally arrived back home late last night, so I am catching up today. Part 2 of the series I started on Monday will appear next Monday. Yesterday (March 4, 2026), the Australian Bureau of Statistics (ABS) released the latest – Australian National Accounts: National Income, Expenditure and Product, December 2025. The data shows that…