Recent Posts

Central banks want new powers, but at what cost?

Central bankers deserve credit for saving the economy from the financial crisis. They won the battle, but not the war. So now they are asking for new powers to fix the side effects of a decade of ultra-low low and even negative interest rates. The price may be a Faustian bargain with governments. The Federal Reserve had room in 2007 ...

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Can I interest you in a 100-year Boris bond?

A new government with an ambitious fiscal plan should be bold in how it finances such a rapid increase in state spending — especially with money so cheap. Boris Johnson has won an impressive electoral mandate for his Brexit deal, regardless of the slightly overdone jitters around sterling related to his 2020 deadline for a European Union trade deal. So ...

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Satellites are changing the night sky as we know it

Expect the night sky to start changing fast. One day soon, the stars we can see from Earth could be outnumbered by a vast swarm of satellites. While many people today live under the murk of light pollution, we can at least still travel to a glittering night sky in the mountains, the desert, or at sea. But if communications ...

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