Larry

Economist Lawrence H. Summers never joined Team Transitory, or the economists, investment strategists, and members of the Federal Reserve who thought inflation would be a temporary phenomenon. Instead, he warned early and often that…

Christmas 1941 was grim. Japan had attacked Pearl Harbor earlier in the month and its armies were advancing across the Pacific. Hitler’s advance into the Soviet Union had taken the Wehrmacht to the gates of Moscow. Britain had become…

Government policy towards Covid-19 has come full circle. For now, at least, England has returned to the Swedish way of dealing with the pandemic. Tough, officially imposed lockdowns are out. Trusting the people to do the sensible thing…