Counting up the angels

Figures for the level and rate of growth of gross domestic product (GDP) are quoted ubiquitously, including in this magazine. They are widely agreed to tell us something of importance. But there is a

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

Our job here on the back page is simply to connect the dots and see what picture they form. We cast no judgment on the dots themselves – no matter what blithering idiots put them there. We just try to

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 final days of June last year were a wonderful time for vicarious lovers of bling. On the 22nd, the third season of Julian Fellowes’s lavish TV series, The Gilded Age, dropped on HBO. Just days lat

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