Finance & economics
Buttonwood
What sparks an investing revolution?
Ideas that emerged from the University of Chicago in the 1960s changed the world. But as a new film shows, they almost didn’t
A place of greater safety
Will America’s stockmarket convulsions spread?
Investors are hurrying to find alternatives—but all face difficulties of their own
The ides of March
How Trump provoked a stockmarket sell-off
Will the president win back investors? Does he even want to?
Looking green
Does Trump really want a weaker dollar?
Overturning three decades of American policy will not be painless
Sinews of war
Investors think the Russia-Ukraine war will end soon
The prospect of peace is reshaping markets, in ways both ominous and promising
From the archive
Donald Trump’s tariffs are a throwback to the 1930s
“Economic nationalism”, our predecessors wrote, “is almost an American invention”
International finance
Aid cannot make poor countries rich
For decades, officials have promised to raise economic growth. For decades, they have failed
Free exchange
It is not the economic impact of tariffs that is most worrying
What are the lessons of the 1930s?
Bridge to nowhere good
Trump’s tariff turbulence is worse than anyone imagined
Even his concessions are less generous than expected
Bad neighbour
Trump’s new tariffs are his most extreme ever
America targets its three biggest trading partners: Canada, Mexico and China
Bukele buckles
El Salvador’s wild crypto experiment ends in failure
Its curtailment is the price of an IMF bail-out. And one worth paying