Dear loyal CEPR Cake Clubbers, or as I prefer to call you, my dear subjects, Social scientists agree that a regime's maturity is confirmed by the successful and peaceful transfer of power. Some self-congratulation seems in order, then, after the abdication of our dearly departed Head Chef and the coronation of, well, me, your dearly resident one.
Social scientists might also tell you that crucial to the new leader's success is a swift and outstanding assertion of authority to quickly earn the respect and, yes, love of her subjects. And so I am using this, my inaugural message, to inform you that the realm has been reordered. Henceforth you may expect benign authoritarianism rather than megalomania. Unlike my predecessor, whose Mussolinian rhetoric established confectionary discipline but stifled a whole generation of Cake Club ingenuity, I prefer to model myself on that true patroness of sticky authoritarian lassitude, Marie Antoinette. (This also means that any pretender to my throne must be prepared to impose deposition by guillotine. And we all know that such barbarian outrages are simply no longer fashionable.)
Thus I hereby honour women autocrats the world over. And as a gesture of my maternalistic benevolence, I will replace Nadine (who is on holiday) to deliver our next Cake. Robert is commissioned with providing the pig belly for my aching feet.
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