Dec 22, 2020Martín Guzmán
examines the lessons of Argentina’s recent debt restructuring, considers the applications of his (and Joseph Stiglitz’s) theory of “pseudo-wealth,” and shows what Dostoyevsky understood about economics.
argues that social-safety nets must be customized and targeted to ensure efficiency, advocates a more responsible approach to deficit reduction and fiscal consolidation, describes the complex recipe for helping countries reap the benefits of greater female labor-force participation, and more.
The spectacular rise and fall of FTX and its founder Sam Bankman-Fried were driven by effective marketing, trickery, and financial speculation. In that, they bear a striking resemblance to the disastrous eighteenth-century experiment that fueled the Mississippi Company bubble and created the template for all future Ponzi schemes.
draws parallels between the FTX collapse and economist John Law’s infamous eighteenth-century scheme in France.