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Fascinating paper on where 6000 global elites went to college. Billionaires, CEOs, heads of state, central bankers, etc. In a word: Harvard. Fully 10% of global elites went to Harvard. Elite US schools are over-represented (23% IvyPlus), but nobody comes close to Harvard. 🧵

How the countries of Europe performed during Covid. Not good for Boris Johnson’s Britain.

Social media videos are replacing text-based news Anti-establishment voices gain the upper hand: - free from institutional constraints, - clickbait outrage goes viral Super article from John Burn-Murdoch 🧵

Here goes: 10 Favourite Reads of 2024 1) A Monetary and Fiscal History of the United States 1961-2021 A brilliant macroeconomic history of the period. Blinder is both a great writer and extremely candid about the difficult work of macroeconomic management.

According to a recent paper, the vast majority of academics gain their elite status the old-fashioned way, they were born with rich parents.

William Tantam, University of Bristol: “I worked on the independent inquiry into child sexual abuse – here’s what Elon Musk is missing” theconversation.com/i-worked-on-th…

Look at UK trade with China & you get a clue👇 Dark blue bits of the bars show the goods we import and export. You can see we have a MASSIVE trade deficit on goods. But now look at the light blue: services. Britain has a comparative advantage in services. Esp financial services.

Coupling and Fertility are Falling. In Finland, Mexico, Peru, South Korea, Thailand, Turkey and the US, both are going down. Superb column by John Burn-Murdoch A must-read for anyone interested in why fertility is falling, and how to respond. 🧵

2 years ago, I moved my entire life to Cyprus to escape Germany's 50% tax rate. It was the most expensive "money-saving" decision I've ever made. Here's 21 brutal realities of tax haven living (that nobody warns you about):

This wildly misleading tweet, and the mostly hateful replies, is like entering an alternate version of reality. If anybody is interested in the truth behind this claim, and what that Swedish poll actually asked, I'll go through it. Probably banging my head against a wall. 😂

Life expectancy.

Trump tariffs: there may be silver linings in the trade war storm clouds theconversation.com/trump-tariffs-…

The distribution of z-values in medical research. We are only publishing statistically significant results. This is a major problem.

🧵 NEW: Why is Britain so skint? We pay huge amounts of tax, yet the chancellor is expected to make widespread cuts. Where is all our money going? My column, and a primer ahead of Wednesday The Times and The Sunday Times 1/10

'I think it was Confucius who said 'A man who imposes tariffs of 104 per cent is dumber than a sack of bricks' My latest cartoon for tomorrow's The Telegraph Buy a print of my cartoons at telegraph.co.uk/mattprints Original artwork from chrisbeetles.com

This chart was made in America by skilled artisans. It also provides important context for understanding our current tariff situation.

Economic uncertainty update: The thing about veering wildly between policy positions, favouring a new maverick advisor each week, and using contradictory justifications at every turn, is that even if one particular pivot is in the direction of sanity, chaos is the constant.

Rise of the rentiers: Inheritance flows in % of national output have increased strongly in advanced economies, with a particularly massive increase in Italy. Inheritance is very important for wealth accumulation. Source: Economist via Patrick Kaczmarczyk

"In a new working paper Nicholas Bloom of Stanford University and colleagues find that by 2024 Britain’s exit from the eu had cut productivity by 3%, business investment by 12-20% and gdp by 6-9%." economist.com/business/2025/… From The Economist

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