The way that central banks responded to the global financial crisis almost 20 years ago is often derided as “printing money” and “debasement”. This shorthand is odd. Whereas a Roman emperor might deba

Right to choose Note worthy Thank you for ...

In his new book, Edmond Smith addresses a question that has occupied generations of historians: why was Britain the first country to industrialise, thus securing its global dominance in the 19th centu

We are in a real-life game of Risk. In 2019, Fiona Hill, an official at the US National Security Council during Donald Trump’s first term, said the Russians had informally proposed a plan whereby they

January 2026

The winners and losers of 2025 It felt ...