debating progressive politics in Europe and beyond
Encouragingly, the new IMF head, Christine Lagarde, has written a very sensible opinion piece in today’s FT. She gets the most important things right. The talk of policy paralysis is wrong and dangerous. Fiscal consolidation is necessary in the longer run but is contractionary now and calls for sophisticated policymaking. The revenue side is as [...]
It’s the end of the world as we know it. It’s the end of the world as we know it. It’s the end of the world as we know it, and I feel fine. – REM, “It’s the end of the world as we know it“ Disappointment, as well as renewed pressure from the financial [...]
The FT is asking an interesting question: “Why did no one see the crisis coming?” Queen Elizabeth asked last year. “A failure of the collective imagination of many bright people” who were all “doing their job properly on its own merit”, was the answer many of those bright people gave in a letter to the [...]
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