Protesters in an anti-austerity rally in Athens. Immense sacrifices were supposed to produce recovery but instead the destruction of purchasing power deepened the slump, creating depression-level suffering and a huge humanitarian crisis. Photograph: Milos Bicanski/ Getty Images

‘Don’t you think they want us to fail?” That’s the question I kept hearing during a brief but intense visit to Athens. My answer was that there is no (...)

Hillary Clinton. Where will she come out on trade agreements like the Trans-Pacific Partnership?

So Hillary Clinton is officially running, to nobody’s surprise. And you know what’s coming: endless attempts to psychoanalyse the candidate, endless a(...)

“Personality-based political analysis is always a dubious venture - in my experience, pundits are terrible judges of character.” Photograph: Spencer Platt/Getty Images.

So Hillary Clinton is officially running, to nobody’s surprise. And you know what’s coming: endless attempts to psychoanalyse the candidate, endles(...)

Voters judge economic policy not by long-term results but by recent growth. Over five years, the British coalition’s record looks terrible, but over the past couple of quarters it looks pretty good – and that’s what matters politically. Photograph: Leonhard Foeger/Reuters

Britain’s economic performance since the financial crisis struck has been startlingly bad. A tentative recovery began in 2009 but stalled in 2010. Alt(...)

The only people hurt by health reform are Americans with very high incomes, who have seen their taxes go up, and a  small number of people who have seen their premiums rise because they’re young, healthy and affluent

There’s a lot of fuzzy maths in American politics, but Representative Pete Sessions of Texas, the chairman of the House Rules Committee, recently set (...)

British prime minister David Cameron’s government put plans for further austerity on hold.  Photograph: Chris Ison/PA

The 2016 United State presidential election is still 19 mind-numbing, soul-killing months away. There is, however, another important election in ju(...)

Over the past year the dollar has risen 20 per cent on average against other major currencies; it’s up 27 per cent against the euro

We’ve been warned over and over that the Federal Reserve, in its effort to improve the economy, is “debasing” the dollar. The archaic word itself tell(...)

The United States is now adding jobs at a rate not seen since the Clinton years. Photograph: Bryan O’Brien/The Irish Times

Six years ago, Paul Ryan, who has since become the chairman of the US House Ways and Means Committee and the GOP’s leading voice on matters economic, (...)

Wal-Mart is so big that its action will probably lead to raises for millions of workers employed by other companies. Photograph: Patrick T Fallon/Bloomberg

In February, Wal-Mart, America’s largest employer, announced it will raise wages for half a million workers. For many of those workers the gains will (...)

JPMorgan Chase chief executive Jamie Dimon is one of the powerful business leaders who has lectured about the so-called ‘skills gap’. Photoraph: Yuri Gripas/Reuters

Regular readers know that I sometimes mock “very serious people” in other words politicians and pundits who solemnly repeat conventional wisdom that s(...)