Everything Covid-19 is the ‘everything crisis’. Its impact is sharper, deeper & less predictable than previous shocks. Even good firms & talented workers will be affected. Don’t put all the eggs in one basket – diversifying reduces risk of running out of cash before recovery starts. To get an omelette, we have to break eggs. …
Tag: basket
Temporary tax How long can a temporary tax last? USA’s 1964 “chicken tax”, to retaliate for French & German tariffs, prevents light-duty truck imports even today. UK’s 1799 temporary income tax to raise money to fight Napoleon’s French forces is still in force 200 years on. Temporary taxes & tariffs can go on forever Guessed…
Hamper Created in 1730s, hampers sustained Londoners on journeys from Piccadilly coaching inns to country estates. Contents: game pies, fresh bread, butter, ‘scotched’ eggs, cheese, hothouse fruit, fruit cake, water, beer & hock. Over 300 years, explorers have taken hampers all over the globe – Mt Everest, the Nile, the Arctic Ocean. Portable pleasure at…