David Miles

Back in November when the temperature in the sovereign debt crisis was on the rise, a euro zone central banker speaking to The Economist admitted that his mind had turned to historical catastrophes such as the First World War and how Europe's leaders had blundered into them. "From the...

"The current crisis has uncovered the deficiencies in the construction of EMU (European monetary union) mercilessly," was the uncharacteristically frank admission from Angela Merkel and Nicholas Sarkozy in a joint letter to the European Council President on the eve of the December 9th summit. What is typically exasperating about...

"It's a Ponzi scheme, it's a fraud, it's a sham," observed Jim Rogers this week when interviewed on the BBC World Service. One of the world's most successful investors was, however, not giving his verdict on the dastardly deeds which have confined Bernard Madoff to prison for 150 years,...

In 1794, President George Washington set off for Pennsylvania with thousands of troops to quell a whisky taxation rebellion which was threatening the existence of the nascent American republic. As a president democratically elected by one people, one country and one nation, Washington was charged with enforcing the tax collection...