Berfrois

‘Austerity is a trap for the left as long as they refuse to challenge it’

‘Austerity is a trap for the left as long as they refuse to challenge it’

Those who care to see know the real damage that austerity has had on people’s lives. From those needing care who now get so little, to those waiting longer for hospital treatment, and those whose homes might not have been flooded without the cuts from 2011.

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Motives Matter

Motives Matter

by Tim Besley and Maitreesh Ghatak As we approach three years since the fall of Lehman Brothers, the incentives that led the financial sector to take on too much risk still exist. This column argues that they will remain so long as governments continue to provide an implicit guarantee that...

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Did anti-regulation lobbying fuel the subprime crisis?

Did anti-regulation lobbying fuel the subprime crisis?

by Deniz Igan and Prachi Mishra Did anti-regulation lobbying fuel the subprime crisis? This column shows that there is a strong relationship between financial industry lobbying and favourable financial regulation legislation. It argues that the financial industry fought, and defeated, measures that might have curbed some of the reckless...

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Take My Wealth, Please (Or Not)

Take My Wealth, Please (Or Not)

Stop Coddling the Super-Rich | by Warren E. Buffett

The New York Times

Our leaders have asked for “shared sacrifice.” But when they did the asking, they spared me. I checked with my mega-rich friends to learn what pain they were expecting....

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Krugman on Keynes

Krugman on Keynes

by Paul Krugman Keynes’ General Theory is 75 years old. In this column, Paul Krugman argues that many of its insights and lessons are still relevant today, but many have been forgotten. A broad swath of macroeconomists and policymakers are applying old fallacies to today’s crisis. As the nostrums being...

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‘Uncoordinated national policies cannot govern migration’

‘Uncoordinated national policies cannot govern migration’

Migrants arriving by boat on Lampedusa Island, Noborder network by Tito Boeri Lampedusa is a beautiful island closer to North Africa than to Sicily. In the last two months it has been flooded with migrants, mostly coming from Tunisia. The preliminary count is 28,000 arrivals on an island where...

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Welfare for the Rich

Welfare for the Rich

Christy Mack and Susan Karches From Rolling Stone: America has two national budgets, one official, one unofficial. The official budget is public record and hotly debated: Money comes in as taxes and goes out as jet fighters, DEA agents, wheat subsidies and Medicare, plus pensions and bennies for that...

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Capital Thinker

Capital Thinker

From The Chronicle Review: Praising Karl Marx might seem as perverse as putting in a good word for the Boston Strangler. Were not Marx’s ideas responsible for despotism, mass murder, labor camps, economic catastrophe, and the loss of liberty for millions of men and women? Was not one of...

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1%

1%

Of the 1%, by the 1%, for the 1% | by Joseph E. Stiglitz

Vanity Fair

It’s no use pretending that what has obviously happened has not in fact happened. The upper 1 percent of Americans are now taking in nearly a...

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