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Offshore, we call them 'slipper skippers'. The chaps in the office who sit on the sofa with their slippers on, pontificating everything they know about ships is all there is to know. We hear how us dirty little cretins at sea don't know what they're on about, 'or they'd be smart enough to sit in the office with us paper captains'. Funny money feeds dodgy ideology, as it is a tremendous insulator from the feedback of reality.

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A fine article. The fact that Iโ€™ve now read about โ€œcrack up boomโ€ twice in as many weeks suggests it is on its way.

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Thanks, Christian. There is an alternative - that you have read at least two Austrian-centric commentaries in the last two weeks..

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