The Wages of Economic Ignorance
Skidelsky, Robert. Politicians are masters at “passing the buck.” Everything good that happens reflects their exceptional talents and efforts; everything bad is caused by someone or something else. The economy is a classic field for this strategy. Three years after the global economy’s near-collapse, the feeble recovery has already petered out in most developed countries, […]
Welcome to Eurotaly
Manasse, Paolo, Trigilia, Giulio. Ever since the collapse of Lehman Brothers, contagion has become the stuff of policymakers’ nightmares. In recent weeks, with the very real prospect of default by European countries, the sleepless nights are returning. This column provides evidence that markets are bundling all European countries together. They believe that if Italy defaults, […]