Chris Dillow: Biased to the Powerful

Politics is dominated by a “lumpen intelligentsia”: “earnest types who enthuse about ideas, simplify them and believe fervently that their crude and wholesale application will solve complex social problems.” Read here  

Central bankers have resisted buying into the inflation mania because they know that the current price pressures are temporary and they will only worsen the unemployment if they acted as they did in the past. […]

The authoritarian social democratic government of Spain has once again found itself in a cosy relationship with the anti-democratic EU. But hey, this is what social democrats and the EU political class do for a […]