How to shrink the state

“The dollar is the cornerstone of US power… it is the main weapon used by the US to maintain its power… [But] as soon as the political leadership decided to use the US dollar as a political instrument

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

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

“Perhaps he’ll do an Elvis and have a fatal heart attack on the loo,” a friend muttered this week. Like most investors, she is having trouble getting used to the idea that the US president has become

Gabriel Zucman has been dubbed that rarest of things: a “rock-star economist”. Having trained under the last Frenchman to receive this label—Thomas Piketty—the 39-year-old has become a global expert o