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Free Lunch

Global economics briefing

Martin Sandbu’s Free Lunch is the FT’s weekly newsletter on the global economic policy debate. Free for premium subscribers, it is sent out every Thursday lunchtime in Europe, and offers a spirited opinion on the latest commentary and stories.

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  • Thursday, 22 February, 2024
    Martin Sandbu
    The strange lack of electoral reward for the success of Bidenomics Premium content

    Why is it not the economy, stupid?

    Joe Biden shaking hands with a man at a café
  • Thursday, 15 February, 2024
    Tej Parikh
    The US economy is not as hot as you probably think it is Premium content

    A contrarian take on America in five charts

    Shoppers walk along a street in New York
  • Thursday, 8 February, 2024
    Martin Sandbu
    The strategic crossroads for the EU’s single market Premium content

    An interview with Enrico Letta

    Enrico Letta
  • Thursday, 1 February, 2024
    Martin Sandbu
    Lessons from our past inflationary episode Premium content

    Supply, demand and Jedi central bankers

    People shop in a supermarket
  • Thursday, 25 January, 2024
    Martin Sandbu
    Lies, damned lies, and year-on-year inflation rates Premium content

    Don’t fall for the ‘disinflation wobble’ scare

    Shoppers queue at a fruit and vegetable stall in London
  • Thursday, 18 January, 2024
    Martin Sandbu
    China’s green tech surge could turn global climate politics on its head Premium content

    Beijing’s industrial policy gives it an interest in forcing others to decarbonise more

    A solar farm in China’s Hebei provinde
  • Thursday, 11 January, 2024
    Martin Sandbu
    The euro at 25 Premium content

    The single currency is still too often scapegoated

    A woman holds six fanned out 10-euro banknotes
  • Thursday, 4 January, 2024
    Martin Sandbu
    Russian central bank reserves: the numbers Premium content

    Getting the most we can out of available public sources

    The headquarters of the Bank of Russia, viewed through metal gates
  • Thursday, 28 December, 2023
    Valentina Romei
    Is the US economy outperforming Europe? Premium content

    Different ways of comparing output complicate the narrative

    People at midtown Manhattan
  • Thursday, 21 December, 2023
    Martin Sandbu
    A new start for Europe’s stability and growth pact Premium content

    Hopefully, an end to ‘computer says no’ budgeting

    The EU flag next to the flags of individual nations in the bloc
  • Thursday, 14 December, 2023
    Martin Sandbu
    A Bidenomics score chart Premium content

    A boastful administration that has much to be boastful about

    Electrician apprentices practice working on a programmable logic controller in Kentucky
  • Thursday, 7 December, 2023
    Martin Sandbu
    The IMF would like the EU to please get a move on Premium content

    The fund’s number-two policymaker talks to Free Lunch

    Gita Gopinath gestures with both hands as she speaks
  • Thursday, 30 November, 2023
    Martin Sandbu
    Can financial engineering solve the dilemma over Russia’s blocked reserves? Premium content

    Special purpose vehicles for victory

    A girl stands near her destroyed building
  • Thursday, 23 November, 2023
    Martin Sandbu
    Autumn Statement: a very British (tax) affair Premium content

    The problems with letting the fiscal rule tail wag the budget dog

    The Treasury building in London
  • Thursday, 16 November, 2023
    Martin Sandbu
    Can China get its economic mojo back? Premium content

    Beijing’s path back to growth may be a European one

    People at Shanghai’s commercial and tourist area
  • Thursday, 9 November, 2023
    Martin Sandbu
    In AI, focus on technocrats not terminators Premium content

    Boring regulation, not sci-fi heroism, is what is needed

    Members of the press outside the Bletchley Park Estate where the AI Safety Summit was being held
  • Thursday, 2 November, 2023
    Martin Sandbu
    What the US got right that Europe did not Premium content

    America’s post-pandemic recovery has left Europe in the dust

    Pedestrians on Wall Street
  • Thursday, 26 October, 2023
    Martin Sandbu
    The Schrödinger’s cat of Russian foreign reserves Premium content

    Now you see them, now you don’t

    The Spasskaya tower of the Kremlin and Saint Basil’s Cathedral in Moscow
  • Thursday, 19 October, 2023
    Martin Sandbu
    Liberal democracy strikes back in Poland Premium content

    The economics of the European country’s restoration

    People queue outside a polling station in Warsaw
  • Thursday, 12 October, 2023
    Martin Sandbu
    Three ways to think about the future world economy Premium content

    How to make some sense of our ignorance

    A security guard stands in the middle of the frame below the flags while a suited delegate with a green folder walks past
  • Thursday, 5 October, 2023
    Martin Sandbu
    Global carbon pricing has a bright future Premium content

    Resistance is futile

    People watch smoke and steam from a coal-fired power plant in Poland
  • Thursday, 28 September, 2023
    Martin Sandbu
    Europe should worry but not panic over China Premium content

    Lack of nuance makes for bad policy

    A truck lifts a shipping container at the port in Duisburg, Germany
  • Thursday, 21 September, 2023
    Martin Sandbu
    What next for Europe’s sanctions on Russia? Premium content

    The EU must confront its €300bn question

  • Thursday, 14 September, 2023
    Martin Sandbu
    (Mis)remembering Chile’s military coup Premium content

    There is no economic justification for abandoning democracy

    Soldiers positioned on a rooftop fire at Chile’s presidential palace on September 11 1973 during the military coup
  • Thursday, 7 September, 2023
    Martin Sandbu
    In green tech, overcapacity is a boon Premium content

    We cannot produce too much of the stuff that will help us decarbonise

    A female employee assembled lithium-ion battery modules at a BMW manufacturing plant
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