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Guest post: Speaking Truth to Power

…displeased by her assessment of their capital base as inadequate and her proposal of public injections of capital if private sources were inadequate. In retrospect, Lagarde’s judgments look prescient. Trichet’s…

Winston (not Smith) and Myths

…a myth that the last midterm election was swung by voter outrage about Obama’s health-care proposal, which was then being debated in Congress.” Well that would be a myth, since…

The IMF and Sovereign Debt

…IMF’s proposal. But the concerns over the repayment of Argentine debt threaten to extend to other markets (see here), and are another source of uncertainty. An association of lenders has…

Phrase of the Day: Fournier Transform

…Transform: This phrase is a technical term which describes the process through which an urgently needed excellent moderate proposal supported by all very serious centrist pundits changes into a partisan…