UK

Trump’s obsession with trade deficits has no basis in economics. And it’s a bad reason for tariffs

Those of us who study trade and investment for a living are, I suspect, becoming exasperated with both the White House stance on tariffs and the way that this is reported in much of the media. US president Donald Trump believes that if a country has a trade surplus with the US it is somehow playing unfairly and needs to be dealt with. But anyone who understands the basics of international economics will recognise the fallacy in both of these beliefs.

Why a psychopath wouldn’t hesitate to cause another global financial crisis – if there was something in it for them

Gorodenkoff/ShutterstockWould you want a psychopath looking after your pension? Or what about your shares? In a recent talk at the Cambridge Festival of Science, I spoke about the latest research relating to a psychopath’s love of money, greed for power, and willingness to harm other people financially for personal gain.

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