@belleslettre @antoine_abdr @IsabellaMWeber @DanielaGabor Yeah. In fact that is a long-term trend. France far more motorized than Germany in the interwar for this very reason. False distinction on my part. In the US the equivalent basked would be “gas and hamburger".
"Unlike businesses, central banks are designed to make money only in the most literal sense." Cracking opening line from Augustin
"Unlike businesses, central banks are designed to make money only in the most literal sense." Cracking opening line from Augustin Cartens @BIS_org op-ed in @FT