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Focal Points
More Mind, Matter & Politics commentaries
More Mind, Matter & Politics commentaries
More Mind, Matter & Politics commentaries
More Economists' Club commentaries
More Mind, Matter & Politics commentaries
More Mind, Matter & Politics commentaries
SHANGHAI – When you think about centers of technological innovation, Silicon Valley, Seattle, and Seoul are probably the firs…
PARIS – At the end of 2011, sovereign-wealth funds’ assets under management amounted to $3 trillion, following 237 direct inv…
ISTANBUL – A simplistic (actually, naive) view of markets is that they exist almost in a “state of nature,” and that the best…
CAMBRIDGE – When the stakes are high, it is no surprise that battling political opponents use whatever support they can garne…
ROME – In early 2012, outgoing World Bank President Robert Zoellick announced that the Millennium Development Goal of halving…
LONDON – Since the 1970’s, economists have warned that a monetary union could not be sustained without a fiscal union. But th…
BRUSSELS – The most visible symptom of the crisis in the eurozone has been the high and variable risk premiums that its perip…
"Germany's Choice" by George SorosFRANKFURT – The euro crisis has already transformed the European Union from a voluntary ass…
SEATTLE – Even in good financial times, development aid budgets are hardly overflowing. Government leaders and donors must ma…
NEW YORK – The United States Supreme Court recently began deliberations in a case that highlights a deeply problematic issue …
EDMONTON – Calm discussion of the environment nowadays is about as plausible as reasoned dialog…
CHICAGO – How long does it take to mourn the death of a loved one? The question is peculiar, ev…
PRINCETON – What began in Syria as a revolt against an oppressive regime has evolved into a sec…
NEW DELHI – The overwhelming victory of the Indian National Congress in elections in the import…
BRUSSELS – The recent abductions of Syriac Orthodox Archbishop Yohanna Ibrahim and his Greek Or…
WASHINGTON, DC – The rocket strikes that a militant Islamist group recently fired from the Egyp…
PARIS – “If the law supposes that,” says Mr. Bumble in Oliver Twist, “the law is a ass – a idio…
PRINCETON – When Radosław Sikorski, Poland’s foreign minister, went to Ukraine for talks last m…
VIRGINIA BEACH – Last year, the Nobel Prize in Medicine was awarded for a discovery that took 4…
OXFORD – The wave of revolts that swept across the Arab world two years ago were fueled by dema…

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Balancing the Technocrats
John Nick: "At the other end of the spectrum ..." Technocrats are not some kind of flawless gods. You admit the regulators "contributed" to the US crisis. They allowed private "technocrats", "professionals" to …
Reckless Caution: The Stress and Strain of Sovereign Debt
Ralph Musgrave: Michael, You argue, as I understand you, that given excess unemployment, money or credit should be created ONLY to enable entrepreneurs to “invest in innovation”. The first problem there is that in a …