How to live with inflation

When a president uses his office to launch a cryptocurrency, it is clear that his modus operandi is to part people from their money. Apply this analysis to the global stage, tune out the furore over h

“Sire… worse than a crime, you have committed an error,” said Charles Maurice de Talleyrand-Périgord. A crime is whatever the feds say it is. Often not what you think it ought to be. But an error is d

The last 50 years have been kind to investors in real terms. Everything made money: equities, bonds, property and gold. All investors had to remember was not to buy high and sell low. But that hasn’t

Our Dollar, Your Problem An Insider’s View of Seven Turbulent Decades of Global Finance, and The Road Ahead Kenneth Rogoff Yale University Press, £25 For the past eight decades, the US dollar has been

We were probably wrong about tariffs. Yes, of course, they were always a bad idea and still are. Anything that interferes with our ability to freely trade with each other will make us poorer, with les

Patrick Galbraith reckons the public’s sympathy for farmers has its limits