grounded guy, big on fundamentals and markets

Hong Kong was run by a random Scottsman for its enormous runup

they have giant surpluses and occasionally do UBI

the gov owns most of the land

higher GDP per capita than US at one point, and world’s best life expectancy in 2015

great infra and education

many utilities are owned by the gov and make only modest profits

no grand vision: opportunistic instead

lets banks fail

refused to collect economic statistic, bc then you’re in danger of optimizing them narrowly