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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the evidence of the failure of demand-side policies and money printing, many commentators propose some of the most outdated and failed policies in modern economic history.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.

Frontrunning: August 14

  • Korea tensions ease slightly as U.S. officials play down war risks (Reuters)
  • Pence Plays Down Trump Threat on Venezuela (WSJ)
  • Trump Pressed to Reject White Nationalist Groups (WSJ)
  • White House Says Trump Abhors Neo-Nazis (BBG)
  • Charlottesville, and the World, Take Stock of Violent Episode (NYT)
  • Car Attack Suspect Had Shown Troubling Behavior (NYT)
  • U.S. Default? Unlikely, But Bond Traders Are Taking No Chances (BBG)
  • Voters sense betrayal in Britain's Brexit heartlands (Reuters)

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