I’ve seen hundreds of articles on President Donald Trump and trade, but the real significance of the Trump economic revolution — for better or worse — is a focus on investment. There is no coordinating mastermind, but if you consider the intersection between what the Trumpian nationalists want and what a Republican Congress will deliver, it’s this: wanting to make ...

“Insider trading is not about fairness,” I often say; “it’s about theft.” It’s not a crime to know things that other people do not know, and to trade on your knowledge. In fact it is good. In fact it is the point of securities markets, or a point of them anyway: Society wants capital to flow to good projects and ...

The UK has a productivity problem and its Department for Business, Energy and Industrial Strategy is out to solve it. At first glance, its new plan exemplifies the problem — a 255-page tome published on Monday is longer on blue-skies reflection than detailed policy. Still, government needs to be to held to account when it meddles in business, and the ...