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What is the real purpose of central bankers in a democr...

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Text and the City: How the Mail pioneered financial journalism


During the autumn of 1999, I took a phone call from an emissary of Paul Dacre, the commanding editor of the Daily Mail. 
Robin Esser, in the glorious tradition of the newspaper, invited me to join him for a glass of champagne at the Howard Hotel on the Embankment in central London.
He told me that Andrew Alexander, who had been the Daily Mail s astringent City Editor, would be retiring from full-time duty in May 2000 and would I be interested in the job?
Historic: The Royal Exchange (right) and Bank of England (left) at the turn of the century
For the previous decade, I had been the Financial Editor of the Guardian and in political terms would be making the longest journey in journalism, from left to right. I also understood that if I were to land the post, I would be stepping into the footsteps of giants. ....

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The 'Roaring Twenties': Revisiting the evidence for Europe


Adnan Seric, Deborah Winkler
The ‘Roaring Twenties’ was a decade (approximately 1921–29) of growing prosperity in the Western world, alimented by deferred spending, a boom in construction, and the rapid expansion of consumer goods, such as automobiles and electric home appliances. These factors materialised on the back of WWI devastation and, crucially, the N1H1 ‘Spanish Flu’ pandemic. As such, several pundits, journalists, commentators, and academics have been drawing parallels with that historical period, suggesting the post-Coronavirus recovery could be characterised by an economic boom, as illustrated in a recent cover story of
The Economist. In this column, I review the evidence in favour and against a reiteration of the ‘Roaring Twenties’ in the 2020s, in order to draw policy lessons from the past. ....

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