Delegating Economic Policy to the Technocrats, and Away from Democracy
Rampell, Catherine. In a column in The New Republic, Peter Orzsag, President Obama’s former budget director, argues for making the country’s policy-setting less dysfunctional by making it “less democratic.” One means for reducing politicized gridlock, he says, is to delegate more authority to “depoliticized commissions” of experts. Πηγή: The New York Times πλήρες κείμενο
Causes of the Eurozone Crisis (Part 2): Policy Implications
In the previous post I sketched out the origins of the eurozone crisis, and argued that powerful systemic forces, not irresponsible behavior, pushed the periphery countries toward crisis – and may well have done so no matter what the peripheral eurozone countries had done. The common currency encouraged (in fact, was designed to encourage) large-scale […]