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Focal Points
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STANFORD – The recent controversy over errors in a 2010 paper by the economists Carmen Reinhart and Kenneth Rogoff is a sad c…
NEW YORK – China’s successful transformation from a middle-income country to a modern, high-income country will depend largel…
DAKAR – In recent years, China and Africa have formed one of the modern era’s most successful economic and trade partnerships…
LONDON – The doctrine of imposing present pain for future benefit has a long history – stretching all the way back to Adam Sm…
NEWPORT BEACH – Some two years into Egypt’s grass-roots revolution, the country’s economy is in a worrisome downward spiral. …
CAMBRIDGE – Several of my Harvard University colleagues have recently been casualties in the crossfire between fiscal “auster…
MILAN – In a recent set of studies, Carmen Reinhart and Kenneth Rogoff used a vast array of historical data to show that the …
CANBERRA – The brouhaha over Carmen Reinhart’s and Kenneth Rogoff’s article “Growth in a Time of Debt” may be the most conspi…
Editor’s note: On May 12, George Soros was awarded the Tiziano Terzani Prize for his 2012 book Financial Turmoil published in…
SHANGHAI – When you think about centers of technological innovation, Silicon Valley, Seattle, and Seoul are probably the firs…
PRINCETON – Recently, physicists at the Large Hadron Collider (LHC) – the world’s most powerful…
DENVER – As Russian and American diplomats prepare for a Syrian peace conference, the Middle Ea…
NEW DELHI – A half-century after the Sino-Indian War of 1962, the border between China and Indi…
PARIS – The demise of the Roman Empire resulted from a combination of strategic overreach and e…
ROME – For more than a decade, Asia’s economies have been on the move – and so have its people.…
BOSTON – If we want to understand what drove the Boston M…
PARIS – Today, roughly one-quarter of the world’s population lives in conflict-affected and fra…
MADRID – This month, an independent review panel is expec…
EDMONTON – Calm discussion of the environment nowadays is about as plausible as reasoned dialog…
PRAGUE – We are all brought up to recycle paper to save trees. We get countless e-mail admoniti…

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Europe’s Lost Keynesians
Frank Aten: One has to assume wages must rise which is not an absolute and if that doesn't happen (which it has not for some time now) then the debt burden becomes even more excruciating. and the other is that d…
Europe’s Lost Keynesians
G. A. Pakela: Exactly how do you implement a policy of "sustained moderate inflation?" As we have seen in all of the major central banks, pumping mone into the economy by purchasing government debt has not led to …