@LouisGendry @futurerisks @GavJacobson @dandrezner Israel I think may be exception that proves rule. Italy’s invasion of Ethiopia surely counts as a huge own goal. Chaco war I am only just getting to grips with, but can we definitely call who was the first mover? Clear win for Paraguay admittedly. Russia-Georgia may also be case.
"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