Stumbling and Mumbling: Attention, fashion and false consensus

in hive-116221 •  4 years ago 

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One of the pitfalls of growing old is that one is often befuddled by the modern world.

So it is with the reaction to the Intelligence Select Committee's report on Russian influence on UK politics. This has highlighted the fact that Russian oligarchs are using London to launder their dirty reputations and dirty money.

But, I splutter, we've all known this for ages, even decades: I've been referring to Chelsea "Football" Club as the money launders for years.

In fact, I have a similar reaction to many things. For example, several tenets of MMT - that sectoral balances matter, that its is banks that create money out of nothing, and that there's no financial constraint on government borrowin


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