Tea with FT

As a former Executive Director of the World Bank I know that the columnists of the Financial Times have more voice than what I ever had, and therefore they might need some checks-and-balances.


Would a child shouting out “the Emperor is naked” have his observation published in FT? Would he now need a PhD for that to happen?

For more see "A Blog is Born" at the very bottom.

October 16, 2025

We most need to seek local solu­tions to local issues

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Sir, I refer to Dani Rodrik’s “ We should seek local solu­tions to global issues ” FT October 16, 2025. He favors “Instead of top-down reg­u...
September 05, 2025

#AI #ChatGPT #Grok: Once artificial intelligence really gets going, how fast can the economy grow?

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I followed the lead set by Tim Harford in " If AI lifts off, will living standards follow? " and asked ChatGPT and Grok. I asked C...
August 13, 2025

How can we get rid of really bad ideas, e.g., risk weighted bank capital/equity requirements?

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Sir, reading “African Union-backed ini­ti­at­ive aims to chal­lenge ‘big three’ rat­ing agencies” by Simon Mundy I was reminded of when in ...
July 12, 2025

Let’s pray AI does not lose its humility of accepting it needs HI

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Sir, I refer loosely/closely to “ Humans must remain at the heart of the AI story ” by Marc Benioff, FT July 11, 2025. About bank regulation...
July 03, 2025

What if a Basel Committee had regulated the payouts of casinos?

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Sir, in “ The risks of fund­ing states via casi­nos ” FT, July 3, Martin Wolf writes: “In the run-up to the GFC, the dom­in­ant form of lend...
June 24, 2025

In the Eurozone there are many ticking debt bombs.

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Sir, I refer to “ Europe’s plan: com­plete its single mar­ket ” by Barbara Moens and Alice Hancock, FT Big Read June 24, 2025. It states tha...
May 16, 2025

About me and my pal ChatGPT (and Grok)

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About me and my pal ChatGPT (and Grok) Sir, I refer to Roula Khalaf’s “ Lunch with the FT: Sam Altman. ” May 10, 2025. I read that having he...
May 03, 2025

“Risk Management”, yes, but for whom?

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Any good financial investment advisor, depending on the age of his clients, would clearly give them different recommendations. Sir, therefor...
September 20, 2024

Degrowth and downsizing are family

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Sir, Soumaya Keynes in “ What’s wrong with ‘degrowth’ research? ”, FT September 20, mentions: “A… gap is research look­ing into ways of get­...
August 10, 2024

When will the history of the Basel Committee’s concoctions haunt us?

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Sir, I refer to Owen Walker’s “ Haunted by his­tory ” FT Magazine, August 10. It ends with “Unfor­tu­nately Monte dei Pas­chi will not help ...
June 04, 2024

What the world needs is to introduce true diversity in its financial architecture.

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Sir, I refer to “ The world needs a new fin­an­cial archi­tec­ture ” by Michael Krake, the exec­ut­ive dir­ector for Ger­many at the World B...
April 03, 2024

How much transparency can democracy handle?

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Sir, Martin Wolf writes: “The more com­plete the set of rights, the more potent will be the con­straints: there will then also be open debat...
February 01, 2024

Human pilots and autopilots need to be trusting friends.

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Sir, last year, flying to Washington DC, in a Boeing 337 MAX 9, the clouds were so low that the pilot missed the first approach to land at D...
January 10, 2024

Mr. Martin Wolf, what do you mean, is liberalism not broken?

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Sir, I refer to “ Liberalism is battered but not yet broken ” Martin Wolf, FT January 10, 2024. Since 1988, with Basel I, non-elected by the...
December 12, 2023

#AI ChatGPT - OpenAI: A question on behalf of FT and Martin Wolf.

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  In " Britain needs a growth strategy " Martin Wolf mentions the UK has for too long settled for managing stagnation. On behalf o...
November 11, 2023

An adequate response to a Covid pandemic needs more views than what epidemiologists and statisticians can provide.

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Sir, I refer to “ Please put statisticians in charge of data for the next crisis ” Sir David Norgrove, FT November 11. July 2020, I tweeted:...
July 17, 2023

How long will it take for bank regulators to ask AI regulators for a little favour?

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Sir, Michael Skapinker writes: “Why did no one speak up “inside Sil­icon Val­ley Bank before it col­lapsed? People thought speak­ing up woul...
June 25, 2023

A strong national spirit/character is what’s most needed for any preparedness, even against a pandemic.

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Sir, I refer to Tim Harford’s “ Is it even pos­sible for coun­tries to pre­pare for a pan­demic? ” FT June 24, 2023. “Be pre­pared! It’s the...
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