Issue of the week: currency gyrations The “debasement ...

Want a better military? Gotta raise taxes Henry ...

Ray Madoff The Second EstateHow the tax code made an Americanaristocracy192pp. Chicago University Press. £19 (US$25). Vanessa S. Williamson The Price of Democracy The revolutionary power of taxation i

“Japan has been the world's financial shock absorber for a generation,” says Nigel Green of deVere Group. No longer. Two decades of ultra-low interest rates have pushed Japanese investors overseas in

ON THE CAMPAIGN TRAIL, PRESIDENT DONALD Trump made lofty claims about the benefits of raising tariffs. They will reshore American manufacturing jobs and encourage domestic spending, he promised. “Tari

FOUR WEEKS BEFORE THE BEGINNING of his second term as President, Donald Trump abruptly floated the idea of taking back the Panama Canal. It had been a quarter-century since the U.S. formally ceded to