Hedgehogs and Foxes

Age of Wisdom, Age of Foolishness (14) Written by Adam Whitehead, KeySignals.com The fox knows many things, but the hedgehog knows one big thing. (Archilocus: Greek mercenary and poet) Going into Davos, Policy Maker Speak and market price action conspired to create the global perspective that the global economic recovery was losing momentum. Observers had …

The Big Question: Has Austerity Gone Too Far?

by Giancarlo Corsetti, Voxeu Is austerity self-defeating? Is it keeping Europeans underemployed for years and destroying the very growth needed to pay off the debt? Or is it steering nations clear of Greek-like tragedies? So starts a new debate on Vox on austerity, introduced in this column. Fiscal tightening is the watchword all across Europe. …