The UK's widening trade gap is worrying – but hardly a shock

Disappointing and worrying but hardly a shock. That's the way to look at the latest set of UK trade figures showing the biggest deficit for a year.

Do Economic Illiterates Litter The U.S. Treasury Department? It Sure Seems So

There’s no better example of the economic illiteracy that destructively afflicts economists and political leaders these days than the U.S. Treasury Department’s report released on Oct. 30 sharply criticizing Germany’s supposedly destructive economic policies.