Money is an idea that we all agree to believe in.
On the dangerous state of U.K. banks—“an existential threat to British democracy, a more serious one than terrorism, either external or internal”—and how it can be fixed.
On Michael Lewis and the global financial crisis.Previously: The Michael Lewis World Tour of Economic Collapse
On the current state of the global economy and the inevitable decline of the U.K. and the U.S.:
A decade-long slowdown would accelerate this shift in global wealth and power and would be a grim thing to live through, but from a world-historical perspective it might not be a game-changer: it might just be the non-scenic route to the place we’re going anyway.