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America is undeniably richer and more powerful than Europe. Some Europeans sneer that comes with costs (in quality of life, inequality or environmental damage) which they simply wouldn’t put up with. Maybe. But as the new kid turns 250, the two sides can learn from each other without having to import each other’s flaws.
We said oil prices were in “la-la land” and had to go much higher as a result of the Iran war. We woz wrong. But there’s little shame for us in admitting to having been outsmarted by markets. (That said, those who say that you can safely bet against our calls might want to read our data-dive into just how often our predictions do, in fact, turn out to be a dud.)
Think you’re a clever-clogs? Try this week’s news quiz and see. | 
