Spanish Conquistadors, the Dutch disease, and escaping the paradox of plenty
We need to move beyond the short-term obsession and the archaic constraints of our traditional budgetary approach. We need to make and win the case in Brussels for splitting the capital budget from the current budget, and to fund the former separately.
John Looby: The evolution of corporate Japan and the search for sustainable dividends
The search is not for dividends, but for sustainable dividends. The strikingly positive evolution of dividend sustainability in Japan over the past three-plus years argues strongly for paying increased attention to this oft-neglected market.
Money mayhem: The bewildering consequences of cutting money free
Over five columns in 2019 and 2020, John Looby examined the impact of the decision to cut money free on the financial system. As the banking sector experiences yet more turbulence, the series is never more relevant. Here is the combined series with a new foreword.