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Martin WolfFinancial Times |
It is simply another policy tool, neither the royal road to hyperinflation nor a cure-all
The lockdowns are necessary to get the disease under control — but they must be brief
To address the pandemic, China and the US must not only function. They must function together
After blundering, the government must admit that the lockdown will not be over in three weeks
To avert disaster, solidarity between countries must be as strong as within them
As borrowers and spenders of last resort, governments must act now to avert a depression
The thrust of the UK chancellor’s Budget is welcome. Yet it will not transform prospects in the near term
Britain’s new chancellor would be wise to treat it as a holding operation
The growth slowdown has been dramatic, while politics takes an aggressively illiberal turn
Achieving zero emissions by 2050 would require unprecedented global co-operation
The UK’s dire productivity performance since the financial crisis needs to improve
The notion of the west as an alliance with moral foundations would evaporate if the president wins
Britain’s demands for its negotiations with the EU are unrealistic
The favourable trends in employment relative to population are not going to be repeated
The UK is entering a new world, going its own way while superpowers dominate
A large problem remains: Washington does not know what it is trying to achieve
Do the right thing, do not put your trust in unbridled finance, and have courage
We must address weakened competition, feeble productivity growth, high inequality and degraded democracy
Its hugely expansionary programme is likely to trigger capital flight and currency collapse
Events evoke not the 1930s but the period before the first world war
China will not accept inferiority — and the west should not want it to
Employment is buoyant, but sluggish investment is holding Britain back
Washington is in danger of throwing away the leverage its allies could have given it
We need a carbon tax or emissions trading system with a price floor to tackle the crisis
After a sobering failure, the Tories and Labour might reconsider their extremism
Berlin should be thankful for what the single currency, and Mario Draghi, have given it
Cryptocurrencies look overhyped, the new payment platforms useful and Libra worrying
Britons must agree to become significantly poorer and accept the illusion of greater sovereignty
Too much of what ails the world economy is the result of ‘stupid stuff’
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