How to shrink the state

The “good news” now being heralded by the US media and the administration: the take from tariffs surged to $31bn in August, setting new monthly high for 2025. Secretary of the Treasury Scott Bessent s

Speculation has reached fever pitch about the contents of the government’s forthcoming Autumn Budget. This follows the assessment of the highly respected NIESR (National Institute of Economic and Soci

We must be getting close to the end of one thing… and the start of something else. The thing whose end is nigh is the bubble on Wall Street. As a bubble inflates, the lightest, lowest-quality stocks f

What a pity they are almost all dead. The Argentines who were around in the 1940s and ’50s, and old enough to remember Evita and to know what was going on. They could have come to Washington and reliv

Issue of the week: the battle for the ...

Over the past couple of weeks, we have seen unusually open debates and divergent views about the path of short-term interest rates among the committee members of the US Federal Reserve (the Fed) and t