We need a new growth gauge

The debate about how to raise economic growth begs a question, says Chris Dillow. “Is rapid growth possible even with the best feasible policies?” Since 1750, trend growth of much above 1% per year wa

Last Friday was not a good one for Erika McEntarfer, the head of the US Bureau of Labour Statistics (BLS). After a poor set of labour market numbers she was fired by president Donald Trump, who said h

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

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

Don’t rock the boat. Don’t stick your neck out. Don’t blow your own trumpet. These are all lessons Europeans absorb early, while the US economy runs on exuberance, enterprise and risk-taking. A tellin

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