We All Know That Americans

Crossrail Is A Prime Example Of Infrastructure. It Is A Rather Deadly Word, But I Think It Is Exciting Stuff, The Civil Engineering Which Makes Britain Tick - The Bridges, Tunnels, Power And Water Networks, Which Bind Us Together.

Mistakes Are Nothing To Be Ashamed Of.

There Is A Strong Link Between The Following Three Things: Exporting, Manufacturing And The Degree Of Saving By The Population. It's Complicated, But If The Population Doesn't Save, The Economy Will Not Tend To Export As Much, And If It Doesn't Export As Much, It Won't Manufacture Enough.

Personally, I Don't See Old Economics And Behavioural Economics As Opposed. It Is Useful To Assume People Are Rational As A Good Approximation To Their Long Term Behaviour, But It Would Be Unwise Not To Think How In Practice Their Behaviour May Deviate From That Simplifying Assumption.

My Instinct Is To Assume That We Consumers Are An Inconsistent Bunch. We Like Competition If It Delivers Low Prices, But Grumble If It Delivers The Bad News That Prices Need To Go Up.