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Update: We have published Heart of Darkness - September 2019!

Heart of Darkness

'The horror! The horror!’

After reading the lead article in the August 21st edition of the Financial Times (“Falling debt costs raise pressure for spending on public projects” – the title itself foreshadowed the idiocy about to ensue), I asked myself why I bother to keep publishing this newsletter. The collective economic wisdom of the world is plunging so rapidly that it scarcely seems worthwhile trying to stem the tide anymore. In particular, three quotes in the article from so-called experts depressed me so badly that I had to take to my bed and don my headphones and let Dylan and Lightfoot restore my soul.

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