Paul Krugman in The New York Times myths surrounding the Eurozone crisis Economists of all political persuasions want to see the Eurozone's crisis as proof for their arguments. "I've been hearing two claims, both false: that Europe's woes reflect the failure of welfare states in general, and that Europe's crisis makes the case for immediate fiscal austerity in the United States," Krugman writes. He points out the lack of correlation between a European country's level of government debt and spending and the depth of their crisis. Healthy countries like Germany and Sweden oftentimes have greater welfare programs than struggling countries like Spain and Italy. Furthermore, he argues no country that has enacted severe austerity measures has seen an improvement either in their bond yields or their unemployment. Those countries problems are mostly caused by their inability to control their own monetary supply. "The moral of the story, then, is to beware of ideologues who are trying to hijack the European crisis on behalf of their agendas," he says.
Michael Gerson in The Washington Post on eradicating AIDS In the last 18 months, researchers have discovered several ways to lessen the likelihood of transmitting AIDS, and the prospect of combining these methods could mean the end of the disease. "For every person who begins treatment, there would be fewer than one who becomes infected. This would effectively be the epidemic's end," Gerson writes. Gerson describes some of the scientific discoveries and notes that the Obama administration has rightly set a goal to end the disease's spread. But the new research comes at a time when budgetary woes make effective funding unlikely. "Ending the global AIDS epidemic would require a major presidential push. It would also require congressional Republicans to make a human life exception to austerity," he says.