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BOE caution is justified. What about when it isn’t?

Britain’s labor market is powering ahead, and inflation exceeds the Bank of England’s target. Is it hot in here? Don’t expect Governor Mark Carney to cool things off. Here’s a major economy where price increases have not only picked up, but at 2.6 percent easily top the 2 percent target. Unlike in the US, the euro zone and Japan, a ...

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Bannon’s banishment has changed nothing

If one scorpion is removed from a bag that’s busy with them, does Donald Trump begin to look like a president? Steve Bannon, who was jettisoned from the bag today, has always been the most mysterious member of Trump’s lumpen B-Team. Most of the other scorpions have readily identified portfolios. They work in the Department of Nepotism or the Ministry ...

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Charlottesville and the problem of weak fascism

There is no question that President Donald Trump’s shifting reactions to the domestic terrorism in Charlottesville, Virginia, has been odious. While he condemned the murder of Heather Heyer, his equivocations, hedges and moral equivalency in the last three days signal a quiet approval of white supremacists. “What about the alt-left?” This is particularly odious because of America’s shameful history of ...

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