11/07/2020
11 Jul 2020

Magic money

11 Jul 2020

Magic money

Featured articles

Features
Liam Halligan
Quantitative easing is a dangerous addiction

The FTSE-100 index of leading stocks is over 20 per cent up since Britain went into lockdown — ‘bull market’ territory. The government borrowed £55 billion in May, nine times more than the same month last year — yet borrowing costs are down, with some investors now paying to lend to an increasingly indebted nation. Who cares if the UK economy will shrink some 10 per cent this year, as our national debt rockets above 100 per cent of GDP? Stocks are up, bond prices are up and the laws of economics have been suspended.

Quantitative easing is a dangerous addiction
Dr John Lee
How strong was the scientific advice behind lockdown?

Over the past few weeks, my sense of the surreal has been increasing. At a time when rational interpretation of the Covid data indicates that we should be getting back to normal, we instead see an elaboration of arbitrary responses. These are invariably explained as being ‘guided by science’. In fact, they are doing something rather different: being guided by models, bad data and subjective opinion. Some of those claiming to be ‘following the science’ seem not to understand the meaning of the word.

How strong was the scientific advice behind lockdown?
Alessio Patalano
China’s next target: the clock is ticking for Taiwan

The fate of Hong Kong should make us worried about Taiwan. China’s introduction of a new security law for Hong Kong — which hollowed out the spirit of the ‘one country, two systems’ notion — is a powerful reminder of the importance of sovereignty for the Chinese Communist party. We should ask whether Taiwan is next on the list. In the past few months, as the world battled to control the Covid-19 pandemic, Beijing indulged in increased military activity across the Taiwan Strait.

China’s next target: the clock is ticking for Taiwan
Douglas Murray
Trump is taking on the historical revisionists

Ahead of Independence Day last week, CNN went live to its correspondent Leyla Santiago. Here is how she described the upcoming celebrations: ‘Kicking off the Independence Day weekend, President Trump will be at Mount Rushmore, where he’ll be standing in front of a monument of two slave owners and on land wrestled away from Native Americans.’ She went on to report that the President was expected to focus on efforts to ‘tear down our country’s history’.

Trump is taking on the historical revisionists
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