‘Inflation mania’ has knocked a gauge of long-term Treasuries down 18% in 2022
Extreme energy rationing shows growing desperation of people in fuel poverty
Governments need to manage public finances prudently even as central banks raise interest rates
Shouldn’t we be doing more to respond to the climate emergency? It’s a natural question to ask. But, perhaps, we should turn the question around, and ask: why haven’t we solved the climate change problem already? Economics suggests a ready answer: externa