In a 1986 article, "Heads or tails? Two sides of the coin", I argued that
politics and markets are both intrinsic to money. The idea that politics
(Keynes) had been superseded by markets (Friedman) was bound to lead to
massive errors in money management. When politics are made to disappear
from vi
Well, this is a very interesting article. Up to the part "The Crash Changes
Everything" it is all exceedingly familiar. But the observations about the
City are fascinating and require inside knowledge. The key point is here:
In 2013, the City began marketing itself as the offshore centre for China
