19th June 2012
Noah Smith thinks that politicization is a big problem – maybe the big problem – with economics. "People believe theories not because the evidence solidly supports those theories, but because the policy implications support the goals of their tribe." Noahpinion
Despite their best efforts, Japan, Switzerland, and China are set to learn that the so-called ‘trilemma' of international finance – which maintains that a country cannot simultaneously peg an exchange rate, maintain an independent monetary policy, and permit free cross-border financial flows – still holds true. Vox Eu
This article points out that Greece was able to achieve something that China's policymakers still worry about pulling off themselves – escaping the "middle-income trap" – the tendency for fast-developing countries to slow dramatically when their per capita GDP reaches middle-income levels. The Economist
Written ahead of this week's G-20 meeting in Mexico, Julia Gillard, the Prime Minister of Australia and Lee Myung-bak, President of the Republic of Korea, call on its members to chart a path toward strong, sustainable, and balanced economic growth. Project Syndicate
From the subprime crisis that rocked the US in 2007, to the disorderly eurozone debt crisis, we've seen a slew of bailouts in the past few years. Check out this infographic to see who makes the list of the biggest bailouts in recent memory. Economy Watch
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