Book of the week

Some good news for the US economy. The Federal deficit shrank for the fourth month in a row. Employment is picking up. The economy is booming. The Fox News team is comfortably convinced that when the

One of the least financially literate people I have ever met was a friend who as a teenager accumulated an unarranged overdraft of £50 on her newly opened bank account. Having been told she must recti

The description of money as dirty has a long history in English literature, from Shylock’s account of usury to Martin Amis’s novel Money (1984) to Caryl Churchill’s play Serious Money (1987). Mostly t

Here’s a “market paradox”, says Craig Mellow in Barron’s. The more the US government “trash talks Europe, the better it is for the euro”. The single currency has gained 13% against the greenback since

“Was that it?” A friend who used to be in the oil business and has seen quite a few spikes in the oil price was underwhelmed by Monday’s increase of around 7% in the price of Brent crude. The move was

paulkrugman.substack.com America’s oligarchs have orchestrated an “unprecedented power grab”, says Paul Krugman. Ever since the Supreme Court’s “Citizens United” ruling, which removed all restrictions