This is the text of my latest feature for the Financial Times (published last Thursday) Religion and wealth have long been seen as separate realms. “Ye cannot serve God and mammon,” says a famous passage of the King James Bible. But look more carefully and it becomes apparent that the links are closer and more […]
The audio recording of my Battle of Ideas 2015 session on “PIGS can’t fly? Surviving austerity” is now available to listen to online here.
It was a surprise to hear Mervyn King appear on BBC Radio 4’s documentary series on Germany: Memories of a Nation. The former Bank of England governor is well known for his passionate support for Aston Villa FC and his interest in cricket but not his German expertise. However, on closer inspection it made sense. […]
This is the main text of my Fund Strategy cover story for November on the eurozone on the 25th anniversary of the collapse of the Berlin wall. I should emphasise that, given this is a piece for a financial magazine, I had to rein in my own opinions and quote experts from within the investment […]
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 […]
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 […]
Market reactions to the decision by the European Central Bank to reduce interest rates and introduce additional unconventional monetary measures can be broadly divided into two: those who welcomed the moves and those who welcomed them but said they were insufficient. Both sides misconstrue the nature of the eurozone’s economic problems and so cannot offer […]
With inflation dipping down to only 0.5% in March there is much speculation about whether the European Central Bank (ECB) will finally embrace quantitative easing (QE). The pundits are busy pondering whether it will belatedly follow other central banks in taking unconventional monetary measures to stave off deflation. This is a misleading way to discuss the […]
My profile of Petter Stordalen, an anti-capitalist billionaire from Norway, was published in Financial Times Wealth on Friday. The original link can be found here. Is it possible to be an anti-capitalist billionaire? Many would assume the question is absurd. Surely the greatest beneficiaries of the market economy should be its staunchest supporters? Not so […]
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