Harvard University last week rescinded its acceptance of Parkland-shooting survivor Kyle Kashuv on the grounds of offensive tweets made when he was 16. This resulted in considerable media criticism that, in imposing political correctness codes and denying free speech, Harvard was betraying its beliefs. But that is nonsense. Harvard was founded in the Massachusetts Bay […]

Cryptocurrencies have not taken over as the new Gold Standard, but nor have they disappeared, and they have been showing something of a revival in the last few months. We are thus in a similar position to the investors of 1720, inspecting the new phenomenon of a publicly traded company whose shares take off. Like […]

“It’s a depressing environment” said billionaire investor Stanley Druckenmiller to MarketWatch, explaining that he is investing in Treasury bonds in the hope that short-term interest rates will descend to zero again. At first sight, that should be bad news for the rest of us. But when you examine the different financial universe in which billionaires […]

Britain’s Euro-elections on May 23 resulted in the 6-week-old Brexit Party getting 32% of the British vote and 29 MEPs, becoming the (equal) largest single MEP bloc in the European Parliament. With Theresa May’s resignation the following day, it opened a clear route for a full exit from the European Union and a new and […]