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There is something profoundly disturbing about the reaction to Russell Brand’s rants but it has nothing to do with his garbled slogans or juvenile demeanour. It is rather that many influential people seem to respect the middle-aged comedian’s views. His recent appearance on the BBC2 Newsnight programme was more of a tirade than an interview. Much of […]

Fund managers may not realise it but they are already being set up as scapegoats for the next financial crisis. Banks got most of the blame for the 2008-9 crisis, and were severely criticised for their role in the eurozone’s troubles, but it looks like asset managers could be next. Just look at the latest […]

This is my column for the October issue of Fund Strategy. Few seem to have noticed how the role of mainstream economics has changed in recent years. In many cases it could reasonably be called the art of making excuses for poor economic performance. Until a few years ago, many policymakers were congratulating themselves on […]

The world’s economic fortunes depend more than ever on China’s performance. So when an expert claims that the Asian giant is facing formidable challenges his arguments should be considered carefully. Fraser Howie certainly qualifies as a specialist in Chinese finance. He has written three books on the subject including most recently Red Capitalism:The fragile financial foundations […]

This blog post from Portugal was first published yesterday on Fundweb. Although I do not draw out the point in the piece it seems to me that the European Union, as an elitist technocratic project, has played a considerable role in inculcating the fatalist mood I describe.  It was not originally planned that way but […]

I will be speaking at two sessions at this year’s Battle of Ideas weekend festival in London’s Barbican Centre on the weekend of 18-19 October. On Saturday I will be debating the plight of the “Pigs” – Portugal, Italy, Greece and Spain – in the eurozone crisis. Philippe Legrain and Vicky Price will also be on […]

A reminder that Daniel will be introducing a discussion of America’s new technocratic elite at the Institute of Ideas Economy Forum in London tomorrow evening.

While most of you were off on your summer holidays the world’s top economic policymakers were up to something else. Although they enjoyed more salubrious surroundings than many they kept busy doing what they do best: blaming others for the economic mess they have played a key part in creating. The summer’s top gig was […]

I discuss the Gaza conflict alongside Tara McCormack in the latest spiked podcast (although for some inexplicable reason I say “Kuwait” towards the end when I mean “Qatar”!).

When a blatant error is repeated frequently it is worth thinking about why. In this case the example is not directly related to investment or economics but there is an important parallel. Some readers might have seen the recent report apparently showed six-year-olds outstripping adults in their understanding of information technology. Since it was reported […]