The revised USMCA pleases both Democrats and Donald Trump
Dec 12th 2019WASHINGTON, DCUNION LEADERS and Democratic lawmakers were cool at first towards the USMCA, a replacement for the…
Wealth managers are promising business-class service for the masses
Dec 18th 2019LINDA, A 54-YEAR-OLD event consultant in Los Angeles, is neither disorganised nor innumerate. Ask about her finances,…
Central bankers debate tackling climate change
Dec 14th 2019AS FAR AS interest rates are concerned, the new boss of the European Central Bank (ECB), Christine Lagarde, seems…
America and China reach a “phase one” trade deal
Details are scanty, but new American tariffs due this weekend are cancelledDec 14th 2019Washington, DCAMERICAN TRADE deals typically…
Are anti-competitive firms killing American innovation?
Dec 12th 2019WHEN THOMAS PHILIPPON moved from France to America in 1999 to begin a PhD in economics, he found a consumer paradise….
How betting on oil prices greases the industry’s wheels
OF ALL THE lines of all the characters in all the scenes in “Casablanca”, the ones that resonate most are spoken not by Humphrey…
The IMF adds to a chorus of concern about competition
PHYSICISTS’ QUEST for a “theory of everything” to explain all of their observations about the world is well-known. The equivalent…
Simple interactions can have unpredictable consequences
CONSIDER THE task economists have set themselves. The global economy is the outcome of near-constant interaction between billions…
How Argentina and Japan continue to confound macroeconomists
MANY PEOPLE make fun of macroeconomics. But any theory that must explain both Argentina and Japan deserves sympathy. Why, in particular,…