

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…
The age of austerity is nearly over. After eight long years, we aren’t having to borrow to pay for day-to-day spending on essentials like health, education, policing or defence. It’s all funded by our taxes, at last. We’re paying our…