Miscellaneous thoughts about miscellaneous matters
Wars are examples of diplomacy failing. Trade wars are one form of war, and they can be a harmful as shooting wars. The Great Depression was caused by a trade war, and we may have a similar event in the near future. The history books don’t have much about it, but there nearly was a shooting war between the U.S.A. and the UK in the 1920’s. London had been the primary center of international finance since the Seventeenth Century. Debt and equity were issued and traded there more than ...