
The Professor

A Drinking Man’s Guide to Monetary Policy
There is an old expression – to drive someone to drink – which means to annoy them to distraction. My favourite version of it is George Thorogood and the Destroyers’, “Son, you’re gonna drive me to...
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Investor's Notebook
One for sorrow
I can’t help thinking that Amanda Staveley and her consortium have bought the wrong football club. Had they waited just five months they could have had Chelsea FC rather...

Golden Oldie
Whatever happened to France?
The country’s declining fertility is an underrated cause of the 20th century’s misfortunes. Originally published January 2022. Britain’s population will soon be in natural...

Golden Oldie
A modest proposal for the abandonment of real estate fundamentals
A satirical commercial real estate proposal in the tradition of Jonathan Swift. Originally published February 2022. Fellow citizens of the real estate investing world, may I...

The Professor
Thinking straight about bitcoin’s social costs and benefits
Building a bridge is costly: it takes labour and machinery and raw materials that have alternative uses. Does it follow that building it is a waste? No. Waste occurs...

The Economist
How to think about inflation
Everything old is new again: Inflation plagues the US economy. The Consumer Price Index is up 7.9% from a year ago. The Personal Consumptions Expenditures index is up 6.1%from a...

The Storyteller
Small talk as the instrument of civility
Or how we make connections with strangers. A male nurse did a blood draw on me the other day and as he tied the rubber strip around my upper arm, I said, “I’ve had this done...
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Making money from residential property investment

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