In the 18th Century, Britain discovered a modern miracle: a financial scheme that promised safety, yield, and national prosperity all at once. The South Sea Company would refinance government debt, enrich the public, and, by the logic of the day, turn paper into something close to certainty. Share prices rose, confidence rose faster, and for […]
I’m dropping you a note from the UK, where Christmas events are starting to kick off and the country has entered that familiar annual phase of festive lights, Christmas parties and people insisting they’ve “nearly finished” their shopping. It also happens to be a slightly accidental coincidence that this visit has landed at the exact […]
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