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(...)

Real Greek gross domestic product per capita fell 26 per cent from 2007 to 2013, compared with a German decline of 29 per cent from 1913 to 1919

Try to talk about the policies we need in a depressed world economy, and someone is sure to counter with the spectre of Weimar Germany, supposedly an (...)

German chancellor Angela Merkel: the way forward, she insisted,  was a return to frugality. Photograph: Fritz Reiss/AP

Many economists, including US Federal Reserve chairwoman Janet Yellen, view global economic troubles since 2008 largely as a story about “deleveraging(...)

 Barack Obama: it goes without saying the president’s fiscal proposals will be attacked by Republicans. Photograph: John Gress/Reuters

By the time you read this President Barack Obama will have called for a significant increase in spending, reversing the harsh cuts of the past few yea(...)

Incoming Greek prime minister  Alexis Tsipras is being far more realistic about austerity and growth than European officials who want the beatings to continue until morale improves. Photograph: Michael Kappeler/EPA

Alexis Tsipras, leader of the left-wing Syriza coalition, has become prime minister of Greece. He is the first European leader elected on an explicit(...)

Kansas governor Sam Brownback:  in 2012,  he drastically cut taxes, assuring everyone that the resulting boom would make up for the initial loss in revenues. Unfortunately for his constituents, his experiment has been a resounding failure. Photograph: Allen J. Schaben/Los Angeles Times

It’s now official: 2014 was the warmest year on record. You might expect this to be a politically important milestone. After all, climate-change denie(...)

No surprise: the first move of the new Republican Senate is an attempt to push Barack Obama into approving pipeline. Photograph: Jessica Rinaldi/Reuters

It should come as no surprise that the very first move of the new Republican Senate is an attempt to push US president Barack Obama into approving (...)