Spreads have widened a bit but French bond yields have remained very reasonable and stable, considerable strain is a big overstatement.

I agree an exclusive focus on the emissions of top income groups is a dead end, but that leaves open the question of whether the effort demanded from each income group ought to to be proportional to their emissions, which would still imply a larger effort for top deciles.

I agree with your general point but GES emissions are very concentrated by income both between and within countries, see for example this from the IEA. Though maybe you disagree with their data? www.iea.org/commentaries...

The entire conflict between Potter and Bailey is about Potter losing rental income because of the new housing! In the alternate reality the taxi driver says he still lives in a Potter-owned slum.

You must have missed the scene where the guardian angel shows Bailey an entire neighbourhood was never built in the alternate reality without his S&L

Do you think the banking policy has gotten any more coherent since the crisis?

Simon Mee wrote a good history of German inflation culture where conflicts over deficit spending between an independent CB and governments feature. I assume after the ECB's creation responsibility for fiscal rectitude partially shifted from the CB to the state. www.cambridge.org/core/books/c...

They hate it under that name but adopt similar policies under the "economic security" or "supply chain resilience" umbrella. Public investment and supply chain monitoring so that when stress comes back there's no need for price caps.

"Don't you know there ain't no devil, that's just god when he's drunk". the hole is for sobering up

A few months later Biden met with Ford, Schlesinger, Kissinger and others to discuss the final evacuation from Vietnam. Biden was reluctant to authorise any more military spending; Ford argued America should take in Vietnamese refugees. history.state.gov/historicaldo...

It got me digging through the wonderful Foreign Relations of the United States. One advantage of an old president is the fact he comes up in open archives, like in this conversation between Schlesinger and Ford. history.state.gov/historicaldo...

Found it.