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Frontrunning: August 21

  • Trump to present vision for U.S. strategy in Afghanistan war (Reuters)
  • Trump Struggles to Move Past Bannon, Starting With Afghanistan (BBG)
  • Final Plans Under Way as Solar Eclipse Nears (WSJ)
  • Yellen, Draghi Head to Jackson Hole Amid Inflation Unease (BBG)
  • Moscow calls U.S. visa move attempt to stir up unrest in Russia (Reuters)
  • Cohn Solidifies Lead in Race to Replace Yellen, Economists Say (BBG)
  • Britain confident of moving onto second phase of Brexit talks (Reuters)

UK Opposition Leader Calls For "People's QE" - It's Venezuela With Tea & Cakes

Authored by Daniel Lacalle via The Mises Institute,

It is sad to see that, facing the evidence of the failure of demand-side policies and money printing, many commentators propose some of the most outdated and failed policies in modern economic history. In the UK, Mr. Jeremy Corbyn, the new leader of the Labour Party, believes that the government spends too little. With a current 44.4% of GDP public spending, saying the government spends “too little” is an insult to taxpayers and efficient public bodies alike.

Will EVs Break The Grid?

Will EVs Break The Grid?

Authored by Tsvetana Paraskova via OilPrice.com,

While the UK government has vowed to end the sale of all new conventional gasoline and diesel cars by 2040, as part of a wider plan to fight air pollution, there is talk that electricity demand will lead to a fast and dirty response to a strained power grid.

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