Friday, March 27, 2015
  1. Economics

    A Window on China’s New Normal

    Martin Feldstein
    Economics

    A Window on China’s New Normal

    0

     explains how the country’s leaders have reconciled themselves to slower economic growth.

    Bank of China skyscraper MASON (alex55)/Flickr

    At this year’s China Development Forum, virtually every official in attendance accepted that GDP growth will continue to slow. They now seem to understand that this will not fuel unemployment, because the slowdown reflects China’s structural shift from heavy industry to more employment-intensive consumer services. READ MORE

  2. Business & Finance

    Are Equities Overvalued?

    Michael Spence
  3. World Affairs

    Decision Time on Venezuela

    Jorge G. Castañeda
    World Affairs

    Decision Time on Venezuela

    4

     says that the Maduro regime's confrontation with the US will force Latin America to choose sides.

    Venezuela Nicolas Maduro Str/ZumaPress

    For the last 15 years, major Latin American countries have largely ignored the crisis in Venezuela, refusing to condemn or support its leadership's incompetence and abuses. Now that President Barack Obama has decided to classify Venezuela formally as a “national security threat” to the US, this is about to change. READ MORE

  4. Politics

    Deescalating Europe’s Politics of Resentment

    Yanis Varoufakis
    Politics

    Deescalating Europe’s Politics of Resentment

    36

     shows why Greece's "bailout" packages have been ineffective – and dangerously misleading.

    Greece Germany EU flag Ma Ning/ZumaPress

    In 2010, Greece had no right to borrow from German – or any other European – taxpayers, because its public debt was unsustainable. Five years later, the consequences – open animosity toward and from Germany, a humanitarian crisis, and a mountain of unserviceable debt – could not be clearer. READ MORE

  5. Economics

    Messed-Up Macro

    Robert Skidelsky
    Economics

    Messed-Up Macro

    28

     on why the right economic policies cannot work without the right public expectations.

    Glasses page of number equations economic Ruth/Flickr

    Once beliefs and expectations are introduced into economics, as is surely reasonable, the results of fiscal and monetary policy become indeterminate. Too much depends on what people think the results of the policy will be. READ MORE

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