The hazards of policymaking in a fact-poor, pundit-rich world
Political scientists have a ton of explanations for why good policy might be bad politics, and vice versa. There are limits to that perverse correlation, however. A common-sense narrative is that is a...
View ArticleBeware of Dr. Hashimi
The Economist reports that Oliver Stone received some expert advice while filming Wall Street 2: Electric BugalooWall Street: Money Never Sleeps: Half-reformed after prison, Gekko is more anti-hero...
View ArticleThe muddled future of the eurozone
Europe's debt crisis is not going awayanytime soon, which means that the crisis over European monetary union won't be going away either. As it turns out, the European Commission is on this, proposing...
View ArticleThe return of capital controls
The unholy trinity in open economy macroeconomics is pretty simple. It's impossible for a country to do the following three things at the same time: 1) Maintain a fixed exchange rate 2) Maintain an...
View ArticleAre the global rich different from you and me?
Fifteen years ago Samuel Huntington coined the term "Davos Man" to describe the kind of globalized elite that jetted off from global conference to global conference. His point was that Davos man was...
View ArticleIs the American economy really like a university?
In his New York Times column today, David Brooks analogizes the government's proper role in the economy to an administration's actual role in a modern U.S. university: [G]overnment will be a bit like...
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