The current crisis has taught us some valuable lessons. At its core, the crisis illustrates the need to disregard age-old principles. Unfortunately, creditors’ dogged adherence to some longstanding doctrines has led to misconceived policies, inflicting unnecessary pain on some without putting an end to the crisis. For some, the question of whether recovery will come soon enough is still up in the air.
Looking beyond the current woes of unemployment, or the need to work toward a more productive economy, one that can support higher wages and offset the growing burden of pensions and concurrent increase of health and education spending, with the future approaching faster than one might hope, the future of employment remains a big question […]
I need to confess to the reader that I have problems, but not solutions. Specifically, there are three problems. First, the rate of growth is decreasing in several countries: certainly in Europe, but also in Japan (my generation can still recall the years of the Japanese “miracle”), in the U.S. (what today is considered growth […]