![]() |
|
![]() |
![]() Martin WolfFinancial Times |
Natural resources are quite different from the capital stock created out of human effort
The dilemma for central banks is whether today’s optimism is consistent with returning inflation rates to 2 per cent
Businesspeople are feeling more cheerful but many unresolved challenges remain
We must carefully consider how changes in the funding model might affect the healthcare system
A range of factors have made the cost of borrowing prohibitive for poor countries
A way has to be found to resolve the debt problems that are now emerging for the world’s most vulnerable
From the return of the west to the triumph of democracy, not everything that happened in 2022 was bad
We cannot wait for another period of catastrophe before we attempt renewal
Letting inflation reduce real wages while expecting services to be maintained is dishonest
We can afford it, and backing Kyiv will be less expensive in the long run than allowing Putin to prevail
We should not relax ringfencing, not least because UK banks remain undercapitalised
In our interactive world, we can no longer put problems into convenient intellectual silos
It should not consider regulatory changes unless they will clearly be for the better
Policymakers and governments need to work out how to accelerate the process
There is nothing in the chancellor’s Autumn Statement to suggest radical new thinking on growth
The worst possibility would not be for disinflation to be done too slowly but for policymakers to give up too quickly
The state is likely to grow faster than the economy and so must the tax burden
A huge acceleration in investment is necessary to help emerging and developing countries
The consequences of a rupture may be even worse now than during the cold war
A common energy policy is essential if citizens are to be protected against the worst of the crisis
The new chancellor must recognise that a fresh round of austerity is undesirable
As the new IMF report focuses on continuing downside risks, what can and should be done?
China’s macroeconomic, microeconomic and environmental difficulties remain largely unaddressed
Hoping that reality will adapt to your desires is folly: Britain needs stable and credible policies, not zealotry
The financial tide is going out as a rising US currency has recessionary effects elsewhere
The chancellor’s largesse raises large questions about debt sustainability
It is surely a fantasy that further tax cuts and deregulation will transform performance
The new chancellor’s plan is poorly targeted, too generous and overly dependent on public borrowing
Trade in goods may be slowing, but the potential for technology-enabled trade in services remains huge
Victory will be costly, but the EU has to free itself from Russia’s chokehold
Assistance must be bold and target the vulnerable first