Reposted by Philip Coggan
Four generations of my family have served our country. Service is in my blood. The President wouldn’t know anything about that.
January 5, 2026 at 6:24 PM
Four generations of my family have served our country. Service is in my blood. The President wouldn’t know anything about that.
Reposted by Philip Coggan
A former staffer said that U.S. officials would not be performing a formal occupation like in Iraq. “We’re going to tell them: ‘Hey, this is what you have to do in order for there not to be another strike. That’s what [Trump] sees as running the country.” www.washingtonpost.com/national-sec...
Rubio takes on most challenging role yet: Viceroy of Venezuela
The top U.S. diplomat has pushed for regime change for over a decade. Now the hard part begins.
www.washingtonpost.com
January 4, 2026 at 1:44 PM
A former staffer said that U.S. officials would not be performing a formal occupation like in Iraq. “We’re going to tell them: ‘Hey, this is what you have to do in order for there not to be another strike. That’s what [Trump] sees as running the country.” www.washingtonpost.com/national-sec...
Reposted by Philip Coggan
Polls conducted in late 2025 show that most Americans, by a 25-50 point margin (depending on question wording), oppose the use of military force against Venezuela.
www.gelliottmorris.com/p/americans-...
www.gelliottmorris.com/p/americans-...
January 4, 2026 at 1:00 PM
Polls conducted in late 2025 show that most Americans, by a 25-50 point margin (depending on question wording), oppose the use of military force against Venezuela.
www.gelliottmorris.com/p/americans-...
www.gelliottmorris.com/p/americans-...
To sum up the US position a) America is going to "run" Venezuela though it has nobody in place to do so b) the new leader of Venezuela will co-operate with the US even though she says she won't c) even if Venezuela gets democratic leaders, the US will run its oil industry whether they like it or not
January 4, 2026 at 9:35 AM
To sum up the US position a) America is going to "run" Venezuela though it has nobody in place to do so b) the new leader of Venezuela will co-operate with the US even though she says she won't c) even if Venezuela gets democratic leaders, the US will run its oil industry whether they like it or not
The religious subtext of Stranger Things; new Substack piece, with spoilers
philipcoggan.substack.com/p/the-religi...
philipcoggan.substack.com/p/the-religi...
The religious subtext of Stranger Things (with spoilers)
A tale in a 2,000 year-old tradition
philipcoggan.substack.com
January 3, 2026 at 11:47 AM
The religious subtext of Stranger Things; new Substack piece, with spoilers
philipcoggan.substack.com/p/the-religi...
philipcoggan.substack.com/p/the-religi...
Reposted by Philip Coggan
1/11
Philip Coggan: "It is a mug’s game trying to predict the end of a boom with any precision. They last much longer than anyone might reasonably expect. That is true of bull markets, as well as economic advances. The reason is that markets...
@philipcoggan.bsky.social www.ft.com/content/2ae4...
Philip Coggan: "It is a mug’s game trying to predict the end of a boom with any precision. They last much longer than anyone might reasonably expect. That is true of bull markets, as well as economic advances. The reason is that markets...
@philipcoggan.bsky.social www.ft.com/content/2ae4...
What a Soros theory can tell us about the AI boom
So much of bubble activity is driven by feedback loops, dubbed reflexivity by the well-known investor
www.ft.com
January 3, 2026 at 7:17 AM
1/11
Philip Coggan: "It is a mug’s game trying to predict the end of a boom with any precision. They last much longer than anyone might reasonably expect. That is true of bull markets, as well as economic advances. The reason is that markets...
@philipcoggan.bsky.social www.ft.com/content/2ae4...
Philip Coggan: "It is a mug’s game trying to predict the end of a boom with any precision. They last much longer than anyone might reasonably expect. That is true of bull markets, as well as economic advances. The reason is that markets...
@philipcoggan.bsky.social www.ft.com/content/2ae4...
My FT Long View on Soros's reflexivity theory and the AI boom
www.ft.com/content/2ae4...
www.ft.com/content/2ae4...
What a Soros theory can tell us about the AI boom
So much of bubble activity is driven by feedback loops, dubbed reflexivity by the well-known investor
www.ft.com
January 2, 2026 at 7:00 PM
My FT Long View on Soros's reflexivity theory and the AI boom
www.ft.com/content/2ae4...
www.ft.com/content/2ae4...
Reposted by Philip Coggan
I have spent 25 years as a regulatory lawyer of one kind or another, and I have come to realise one truth.
In any commercial context, the regulator will tend to be captured. And in any lucrative commercial context, the regulator will be captured completely.
In any commercial context, the regulator will tend to be captured. And in any lucrative commercial context, the regulator will be captured completely.
January 2, 2026 at 8:31 AM
I have spent 25 years as a regulatory lawyer of one kind or another, and I have come to realise one truth.
In any commercial context, the regulator will tend to be captured. And in any lucrative commercial context, the regulator will be captured completely.
In any commercial context, the regulator will tend to be captured. And in any lucrative commercial context, the regulator will be captured completely.
Set a new personal best of 25,000+ steps a day this year
According to the iphone that was 17.3km a day, or 6,314km (3,923 miles) in total. Of course, I'm now a very long way from home...
According to the iphone that was 17.3km a day, or 6,314km (3,923 miles) in total. Of course, I'm now a very long way from home...
December 31, 2025 at 5:34 PM
Set a new personal best of 25,000+ steps a day this year
According to the iphone that was 17.3km a day, or 6,314km (3,923 miles) in total. Of course, I'm now a very long way from home...
According to the iphone that was 17.3km a day, or 6,314km (3,923 miles) in total. Of course, I'm now a very long way from home...
Now he is literally the Poundland Donald Trump
December 30, 2025 at 4:55 PM
Now he is literally the Poundland Donald Trump
Reposted by Philip Coggan
The Conservatives and Reform are currently saying that UK free speech laws are so draconian that people are routinely jailed for bad takes, and yet also the only way to deal with Alaa’s social posts is to extra-judicially strip him of citizenship.
www.thenewworld.co.uk/james-ball-c...
www.thenewworld.co.uk/james-ball-c...
December 30, 2025 at 11:03 AM
The Conservatives and Reform are currently saying that UK free speech laws are so draconian that people are routinely jailed for bad takes, and yet also the only way to deal with Alaa’s social posts is to extra-judicially strip him of citizenship.
www.thenewworld.co.uk/james-ball-c...
www.thenewworld.co.uk/james-ball-c...
Interested to see the story in The Times that Dom Joly was refused an ESTA because of his social media activity. Are there any other documented examples?
December 30, 2025 at 10:36 AM
Interested to see the story in The Times that Dom Joly was refused an ESTA because of his social media activity. Are there any other documented examples?
Reposted by Philip Coggan
By way of context the annual USAID budget was $23 billion.
US TO PLEDGE $2 BILLION IN LIFE-SAVING SUPPORT TO PEOPLE FACING HUNGER AND DISEASE IN DOZENS OF COUNTRIES IN 2026 -US STATE DEPARTMENT STATEMENT
December 29, 2025 at 3:12 PM
By way of context the annual USAID budget was $23 billion.
Nigeria brings to six the number of countries in which, or against which, the winner of the Fifa peace prize has launched military action in 2025: the others were Iran, Somalia, Syria, Venezuela and Yemen.
December 26, 2025 at 6:29 PM
Nigeria brings to six the number of countries in which, or against which, the winner of the Fifa peace prize has launched military action in 2025: the others were Iran, Somalia, Syria, Venezuela and Yemen.
Reposted by Philip Coggan
In response to the reappearance of MMT, I have, somewhat reluctantly, written up where the current crop of 'pop MMT' goes wrong.
The short version: yes the central bank issues money; no this doesn't change anything.
criticalfinance.org/2025/12/19/w...
The short version: yes the central bank issues money; no this doesn't change anything.
criticalfinance.org/2025/12/19/w...
What’s wrong with MMT?
As Marc Lavoie and John Quiggin have noted, there are ‘two MMTs’. Scholars such as Randy Wray, Eric Tymoigne and Scott Fulwiler have contributed to debates on monetary economics, instit…
criticalfinance.org
December 19, 2025 at 10:34 AM
In response to the reappearance of MMT, I have, somewhat reluctantly, written up where the current crop of 'pop MMT' goes wrong.
The short version: yes the central bank issues money; no this doesn't change anything.
criticalfinance.org/2025/12/19/w...
The short version: yes the central bank issues money; no this doesn't change anything.
criticalfinance.org/2025/12/19/w...
Important piece by John Burn-Murdoch. In the absence of growth, voters see politics as a zero-sum game where others must be punished
www.ft.com/content/30a4...
www.ft.com/content/30a4...
Welcome to the age of zero-sum politics
A stalled economic conveyor belt is behind the rise of anti-system, anti-growth parties on both the right and left
www.ft.com
December 19, 2025 at 9:30 AM
Important piece by John Burn-Murdoch. In the absence of growth, voters see politics as a zero-sum game where others must be punished
www.ft.com/content/30a4...
www.ft.com/content/30a4...
Reposted by Philip Coggan
The White House claims the vote to rename the Kennedy Center was “unanimous.” That is false. I was muted on the call and denied the opportunity to speak or register my opposition. That is not consensus. That is censorship.
December 18, 2025 at 7:42 PM
The White House claims the vote to rename the Kennedy Center was “unanimous.” That is false. I was muted on the call and denied the opportunity to speak or register my opposition. That is not consensus. That is censorship.
It's dark and miserable, but the nights are about to start drawing out. Tomorrow the sun will set in London at 15.52, having set at 15.51 today
December 17, 2025 at 6:32 PM
It's dark and miserable, but the nights are about to start drawing out. Tomorrow the sun will set in London at 15.52, having set at 15.51 today
Reposted by Philip Coggan
Trump’s ballroom went from $200 million to $250 million to $300 million to $350 million to $400 million to …
December 17, 2025 at 12:03 PM
Trump’s ballroom went from $200 million to $250 million to $300 million to $350 million to $400 million to …
Time to say thank you to people who are constantly denigrated by some politicians and parts of the press. Last Substack of the year is a thank you to immigrants
philipcoggan.substack.com/p/a-thank-yo...
philipcoggan.substack.com/p/a-thank-yo...
A thank you to immigrants
Immigrants pay taxes, start businesses and work in the NHS. We should be grateful
philipcoggan.substack.com
December 16, 2025 at 2:40 PM
Time to say thank you to people who are constantly denigrated by some politicians and parts of the press. Last Substack of the year is a thank you to immigrants
philipcoggan.substack.com/p/a-thank-yo...
philipcoggan.substack.com/p/a-thank-yo...
The BBC doesn't have $10bn. All its money comes from British citizens via the licence fee. Trump is thus suing the British people.
www.ft.com/content/e2f1...
www.ft.com/content/e2f1...
Donald Trump files $10bn lawsuit against the BBC
US president claims UK public broadcaster’s 2024 documentary was ‘disparaging, inflammatory and malicious’
www.ft.com
December 16, 2025 at 8:47 AM
The BBC doesn't have $10bn. All its money comes from British citizens via the licence fee. Trump is thus suing the British people.
www.ft.com/content/e2f1...
www.ft.com/content/e2f1...
Reposted by Philip Coggan
What a legend
He's been identified. He was shot twice in the arm and hand, but it is doing well and expected to recover fine. His name is Ahmed al Ahmed
www.perthnow.com.au/news/nsw/bon...
www.perthnow.com.au/news/nsw/bon...
Bondi hero who tackled shooter suffered two gunshot wounds
The hero who disarmed one of the Bondi Beach shooters has been identified as a father-of-two.
www.perthnow.com.au
December 14, 2025 at 1:29 PM
What a legend
Striking stat in this piece from the admirable Chris Giles. Economic growth under the Cameron coalition's 2010-2015 term averaged 2%.
www.ft.com/content/5aff...
www.ft.com/content/5aff...
The UK economy is not nearly as bad as you’ve been told
A huge pessimistic bias in our national accounts leads us to doom and gloom which turns out to be nonsense
www.ft.com
December 12, 2025 at 3:52 PM
Striking stat in this piece from the admirable Chris Giles. Economic growth under the Cameron coalition's 2010-2015 term averaged 2%.
www.ft.com/content/5aff...
www.ft.com/content/5aff...
Reposted by Philip Coggan
'Complete nonsense.'
Met Police Chief Sir Mark Rowley rubbishes Donald Trump's claims about violence in London under Sadiq Khan.
Met Police Chief Sir Mark Rowley rubbishes Donald Trump's claims about violence in London under Sadiq Khan.
December 12, 2025 at 9:29 AM
'Complete nonsense.'
Met Police Chief Sir Mark Rowley rubbishes Donald Trump's claims about violence in London under Sadiq Khan.
Met Police Chief Sir Mark Rowley rubbishes Donald Trump's claims about violence in London under Sadiq Khan.
Reposted by Philip Coggan
ICE detain U.S. citizen for looking Somali—use illegal chokehold to tackle him to ground.
Man repeatedly begs agents to look at his digital passport ID—they refuse.
Drove him 7 miles away before releasing him alone into Minnesota snow storm—told him to "walk home" in freezing weather advisory.
Man repeatedly begs agents to look at his digital passport ID—they refuse.
Drove him 7 miles away before releasing him alone into Minnesota snow storm—told him to "walk home" in freezing weather advisory.
December 10, 2025 at 7:36 PM
ICE detain U.S. citizen for looking Somali—use illegal chokehold to tackle him to ground.
Man repeatedly begs agents to look at his digital passport ID—they refuse.
Drove him 7 miles away before releasing him alone into Minnesota snow storm—told him to "walk home" in freezing weather advisory.
Man repeatedly begs agents to look at his digital passport ID—they refuse.
Drove him 7 miles away before releasing him alone into Minnesota snow storm—told him to "walk home" in freezing weather advisory.