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Reducing rates for âpass-throughâ businesses will be tough to...
THERE are two main reasons for a country to paw around in its tax code: to create more economic growth, or to repair a structural deficit. Any politician who wishes to quietly give money to friends or...
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Podcast: Another pay rise?
Callum Williams joins presenter Simon Long to examine the merits of Labour leader Jeremy Corbynâs proposal for a £10 minimum wage. The Chinese investors who idolise American billionaire Warren...
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Podcast: Trumponomics
Simon Long delves into what Donald Trump means for taxes, growth and trade. Also: the markets react to Emmanuel Macron's election victory in France and China develops its first large passenger jet
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Donald Trumpâs budget ignores what is ailing American workers
PRESIDENTIAL budget requests are worth exactly nothing. They carry no force of legislation.
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Europe inches closer to a plan for fixing its financial flaws
DONALD TRUMP and Theresa May may have done more to push Europeans together, and open up an opportunity for reform of its institutions, than any pro-European American president or British prime minister...
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Why the Fed is likely to raise rates, despite low inflation
CREDIBILITY is a thing you have to worry about with toddlers. You cannot reason with them. The best you can hope to do is respond consistently to undesirable behaviour. Get this wrong and your work...
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A new paper rekindles a tiresome debate on immigration and wages
WHAT effect do immigrants have on native wages? Itâs perhaps one of the most important questions of labour economics. It's also one that is largely unanswerable. The problem is that it's almost...
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Podcast: A poison chalice for GEâs new boss
Patrick Foulis asks if a break-up is on the cards as General Electric appoints a new CEO. Also, Uber is on a collision course as it grapples with management problems. Why confidence among European...
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Podcast: The Italian bailout job
Italy has been forced to bail out two banks at a cost of as much â¬17bn euros ($19 bn). Is that the end of the bleeding in Italy's financial sector? Also, as the iPhone turns ten, we look at how Apple...
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Podcast: Vorsprung durch Angst
Germany is admired for a stable economy and holding on to blue-collar jobs but derided for its persistent trade surpluses. Our economics editor John OâSullivan examines what Chancellor Merkelâs...
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Podcast: Goodbye, Benito
Brazilâs rigid labour market regulations were transplanted wholesale from Benito Mussoliniâs Italy back in 1943. Now President Michel Temer has approved an overhaul. Will it encourage job creation?...
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The hubris of ten-year budgets
IN February of 2001, Alan Greenspan, then still the chairman of the Federal Reserve, and still called the âMaestroâ, testified to the Senate Budget Committee. The committee wanted to get started on...
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The case against shrinking the Fedâs balance-sheet
AS EXPECTED, the Federal Reserve announced on September 20th that it will soon begin reversing the asset purchases it made during and after the financial crisis. From October, Americaâs central bank...
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Bitcoin is fiat money, too
FINANCIERS with PhDs like to remind each other to âread your Kindleberger". The rare academic who could speak fluently to bureaucrats and normal people, Charles Kindleberger designed the Marshall...
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The Nobel in economics rewards a pioneer of ânudgesâ
NOT long ago, the starting assumption of any economic theory was that humans are rational actors who maximise their utility. Economists summarily dismissed anyone insisting otherwise. But over the past...
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Richard Thalerâs work demonstrates why economics is hard
RICHARD THALER has won the Nobel prize in economic sciences this year for his contributions to behavioural economics. It's a well-deserved prize and a clarifying one, as far as economics is concerned.
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