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Liz Truss is about to get her hands on Brexit dynamite

The longer the people of Northern Ireland live with the Brexit arrangement known as the Northern Ireland Protocol, the more they seem to like it. A majority (55%) see the Protocol as appropriate for managing the impact of Brexit on Northern Ireland and 53% see a benefit to their economy. That’s not to say it doesn’t have flaws, which many ...

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What is the purpose of public policy?

The purpose of any policy is not only to effect change but also to educate the public. This educational function is important yet rarely discussed explicitly, perhaps for fear of looking like a propagandist. So be it: I wholeheartedly embrace the notion of policy as a way of educating voters. How does this work? Consider the moon landing of 1969. ...

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Fed is about to go full throttle on QT. fear not

  The Federal Reserve’s quantitative tightening program will ramp up to its full potential in September, increasing from $47.5 billion to $95 billion per month. Some market participants are concerned this additional monetary tightening will have negative consequences on risk assets and the economy. Given that quantitative easing — buying US Treasuries and mortgage-related securities — helped firm the economic ...

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