Marketplace

‘Merit’ is a sham — paths that used to be available for the middle class have become blocked, and the gap between the one per cent and the rest is ever-widening

‘You do not have to be a radical socialist to admit that since the financial crisis capitalism has failed to deliver the goods’

‘Was the £350 million claim really a lie? Has our probable future Prime Minister indulged in tabloid-level mendacity?’

‘If the Bocconi boys’ work is correct, three generations of macroeconomic textbooks should be binned and the fiscalist element in Keynesianism has become intellectual junk’

‘The Brexit shambles could have been largely avoided if there had been from June 2016 a government which — unlike Theresa May’s — was 100 per committed to taking Britain out of the EU’

‘Russia is governed by semi-deranged confidence men who dupe their fellow citizens into believing in their nation’s geopolitical greatness’

‘If it were true that “isolation costs jobs, costs growth, costs people’s livelihood”, New Zealand ought to be the poorest nation on the planet, and Australia shouldn’t be far behind’

‘If contractionary fiscal policy can be expansionary, could expansionary fiscal policy be contractionary?’

‘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’

‘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’