There is a truth at the heart of his controversial comments about my antecedent which Niall Ferguson does not need to apologise for

Keynesian policy recommendations are now the staple of governments around the world but it is hard to believe Keynes himself would endorse them

‘To Keynesians such as Martin Wolf and Larry Summers, the theory is simple: cuts in public expenditure and reductions in deficits have deflationary effects. But what about the evidence?’

Adam Smith’s invisible hand is lifting us out of recession, but globalisation can be snuffed out again by protectionism