Trump’s crypto empire

How’s the trade war going? Short answer: as badly as expected. Capricious tariffs have shown the rest of the world that the US cannot be trusted. And they have pushed trading partners away and closer

The way that central banks responded to the global financial crisis almost 20 years ago is often derided as “printing money” and “debasement”. This shorthand is odd. Whereas a Roman emperor might deba

Bitcoin’s days are numbered, said Strategy’s (formerly MicroStrategy) CEO, Michael Saylor, in 2013, when the cryptocurrency was trading at around $100. “It seems like just a matter of time before it s

“The failure of economists to forecast recessions is virtually unblemished,” notes Prakash Loungani, assistant director at the International Monetary Fund (IMF). This includes the economists at the IM

In May 2008, I was in Ireland on a holiday I eventually had to cut short because the property and credit bubble had made everything absurdly expensive and blown my budget. One day, I fell into convers

Whingeing about the appalling state of things has become the national pastime. And for good reason. A lot has gone wrong in living memory. Nothing works well – if it works at all. You pull a lever and