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Alternatives to Austerity
Larry Summers and Christina Romer both argue--convincingly, it seems to me--that Europe's pursuit of creditworthiness through fiscal austerity is failing.
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Has the U.S. Passed Peak Car?
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Larry Summers and Christina Romer both argue--convincingly, it seems to me--that Europe's pursuit of creditworthiness through fiscal austerity is failing.
Reuters
In Madrid this past week I've been surprised and impressed to find little resentment towards the European Union and the powers (Germany) that direct its policy.
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Where I am, not many people need that advice.
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So it's Kim after all. Amazing.
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Jim Yong Kim, the White House nominee to lead the World Bank, has been so busy meeting privately with governments that, unlike the other candidates, he hasn't been able to explain his views on development to anybody else.
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Obama has bungled the World Bank succession. The choice has had a better press than it deserves.
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It might have been have a mistake to read Bill Easterly's review of Acemoglu and Robinson on "Why Nations Fail" before I finished reading it myself, but Easterly is not to be set aside.
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Britain's experiment with "expansionary austerity" has failed.
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I arrive in London in time for tomorrow's budget to find that private finance for public investment--roads, in this case--is back on the UK's political agenda. What does it take to put this perpetual fiscal gimmick to rest?
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