Of discount rates and candy-canes

By Christopher Monckton of Brenchley "The time has come," the Walrus said, "To talk of many things: Of shoes and ships and sealing-wax, Of cabbages and kings, And why the sea is boiling hot, And whether pigs have wings." Lewis Carroll, Aliciae per speculum transitus Dr Mark Freeman (January 4) wrote that the 5% intertemporal…

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