

American political strategist James Carville wryly observed that, rather than being reincarnated as US President or the Pope, he wanted to come back as the bond market because it can intimidate anybody. The hard truth behind his quip is the…
This article is the first in a fortnightly series of policy proposals from John Penrose and the Centre for Small State Conservatives. Nobel-Prize-Winning economist Paul Krugman famously said “productivity isn’t everything, but in the long run, it’s almost everything.” His words should send…