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The best proposal might be the development of a market for new types of bonds that work more like equity than debt. These securities, called growth-linked bonds, would pay interest that rises or falls depending on a country's GDP. Instead of being forced to shell out interest payments based on a prefixed schedule, a government would be allowed to p
... See morePaul Blustein • And the Money Kept Rolling in (And Out): Wall Street, the Imf, And the Bankrupting of Argentina: Wall Street, the IMF and the Bankrupting of Argentina
It could happen here. Americans who give Argentina's story fair consideration and conclude otherwise are deluding themselves. The risks are much lower for the United States than they were for Argentina, but they are unacceptably high.
Paul Blustein • And the Money Kept Rolling in (And Out): Wall Street, the Imf, And the Bankrupting of Argentina: Wall Street, the IMF and the Bankrupting of Argentina
The Bob Rubin trade? Robert Rubin, a former Secretary of the United States Treasury, one of those who sign their names on the banknote you just used to pay for coffee, collected more than $120 million in compensation from Citibank in the decade preceding the banking crash of 2008. When the bank, literally insolvent, was rescued by the taxpayer, he
... See moreNassim Nicholas Taleb • Skin in the Game: Hidden Asymmetries in Daily Life
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Michael Lewis • Going Infinite: The Rise and Fall of a New Tycoon
Parag Khanna • Great Protocol Politics
Le ton éploré de Röpke reflète le sentiment d’impuissance des universalistes à la fin des années 1950. Ils se trouvaient confrontés, d’un côté de l’Atlantique, à une intégration européenne à leurs yeux protectionniste, de l’autre, à un gardien peu fiable de l’ordre économique mondial, et, en même temps, à une ONU qui accueillait des nations du Sud
... See moreQuinn Slobodian • Les Globalistes: Une histoire intellectuelle du néolibéralisme (French Edition)
Most disheartening of all is the evidence that the decision to make the August 2001 loan, and other measures that went sour, were driven by outsiders' agendas that did not dovetail with the interests of the Argentine people. The IMF's desire to skirt blame for the collapse consistently tilted its policymaking in the wrong direction, toward delaying
... See morePaul Blustein • And the Money Kept Rolling in (And Out): Wall Street, the Imf, And the Bankrupting of Argentina: Wall Street, the IMF and the Bankrupting of Argentina
I outlined three enormous challenges for the Digital Age: rising inequality, massive environmental degradation, and the risks arising from major geopolitical change. These daunting challenges could overload our political institutions and provoke a devastating conflict. Such has been the pattern of the past. Surely the prime task of our age is to re
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