The debt crisis: Wipeout

DEBT forgiveness, and the redesign of debt contracts to involve more risk-sharing, is the answer to the problem of recurrent financial crises. That is the argument of two economists, Atif Mian and Amir Sufi, in their book “House of Debt” (our Free Exchange column discussed the book here).They argue that economic recessions often follow surges in household debt. 175 more words

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There Is No Nordic Nirvana

Perhaps the Nordic utopia is not all it’s cracked up to be! Here’s a glimpse behind the facade from Michael Booth in The Guardian, with some blistering (and humorous) country-by-country commentary on a few of the cultural and economic failings of these darlings of the American Left. 269 more words

Discussion on Confucius Institutes continues with new The Economist piece

“HARMONY is the most valuable of all things,” said the Chinese philosopher Confucius two and a half millennia ago. There is little of it in evidence in the frosty relationship between the woman who was the founding director of the Confucius Institute at the University of Oregon, Bryna Goodman, and her fellow historian, Glenn May. 94 more words

Confucius Institute

Special Advertising and Technology Report from the Economist

The Economist has just released a special Advertising and Technology report, with comprehensive commentary on not only the current key industry talking points, but also the long term impact of new technology on the Ad business. 83 more words


The Economist on Steven Pinker's "The Sense of Style", 2014

As a linguist he〈Mr. Pinker〉is a “descriptivist”, believing that the mass of speakers, not a minority of experts, make the rules. Many so-called rules are superstitions that good writers routinely ignore.

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You Either Die Cool, or You Live Long Enough to See Yourself Become the Nerd

I’m a football fan. Haven’t always been, but for whatever reason it really started to light up my brain right around the time I went to college. 842 more words