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December 2018 / January 2019
‘If contractionary fiscal policy can be expansionary, could expansionary fiscal policy be contractionary?’
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November 2018
‘Adam Smith observed, “There is a great deal of ruin in a nation.” There is certainly a great deal more potential ruin in the government bond markets’
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October 2018
‘Theory says that unilateral moves to trade liberalisation ought to benefit countries going down that path. Practice shows that the theory works — free trade is good for the nation that adopts it’
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September 2018
‘Trump’s fiscal largesse will expand the US’s external deficits at just the same time that the tariff increases are supposed to be reducing them’
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