As Vladimir Putin meets Kim Jong Un, big trade plans are afoot. Much to the chagrin of Western leaders. Seems like we’re about to answer an important question: what happens when the collective set of people you’ve sanctioned gets so large that they can all successfully trade with each other? Which invites yet another question - did no one think of this? Javier Milei decided he would rip the band aid off Argentine inflation. Now, finally, beneath that band aid, we can see… a gaping wound. Inflation is coming down - but in this case, what comes down must go up. We’ll be explaining why The Crazy One’s apparent success in containing the money supply is about to lead to another run on the peso.Finally, last week, the EU was assailed by a wave of populists. It all felt suitably dramatic. A blow against the blob. But have you ever punched a blob before? As the permanent Brussels mandarin class regroups, it's time for the Empire Strikes Back. *** Be excellent to each other, and -Get us on Twitter. On Patreon. On Youtube. Or on our Substack.