I must admit to being a little bit surprised to see the strong trend downward on this graph. It suggests that there has been a consistent strategy to lower and stabilise inflation over the last forty years. Judging by the trend it has been a very successful one.

I can recall a historian saying, "it doesn't matter who the leader is as long as the strategy is correct." (more)

One of the hallmarks of the Iraq adventure has been the lack of a coherent strategy and an almost wishing that events in Iraq would fit the pre-war template of liberators etc. Policy informs strategy which informs tactics. The lack of strategy has contributed to the conditions in Iraq. (more)
Cam Riley: South Sea Republic. Freedom, liberty, equity and an Australian Republic.