15th May 2012
How does JP Morgan's trading blunder that cost the storied investment bank at least $2 billion, stack up against history's biggest losses? TIME
"Poverty is often best addressed not by helping the poor to be better at what they are already doing, but by getting them to do something altogether different." Project Syndicate
According to Christopher Snowdon, there is no economic justification for increasing taxes on smokers and drinkers because most of the costs of drinking and smoking fall on the individuals themselves, rather than the public. Adam Smith Institute
An economist calls claims by the government that austerity and the resultant high unemployment is an inevitable consequence of excessive deficit spending in the Brown years "nonsense," because paying off the debt created by overspending should be done during the next boom, and not now. Mainly Macro
In a new paper, three academics argue that the Italian Mafia's rise as one of the largest and most successful businesses in Italy began with control of the international lemon trade in the 19th century. Vox Eu
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