"Despite the long debate on welfare reform and the clear benefits of America's Personal Responsibility and Work Opportunity Reconciliation Act 1996, Barack Obama hesitates to accept a social-policy truth that sticks out like canine testes. Responsibility and choice should never be subsumed by a focus on structural solutions; when this happens, you end up with the kind of shallow determinism that Obama ultimately falls victim to. He would be truly radical if he was equally vehement about equipping citizens to seize opportunities and convert them into capabilities."
- Pearson on Obama
A back of the envelope calculation of the Greek output gap: very large. - Tourism in Greece is did very well, in 2014. I’ve seen growth estimates of between 13 and 22%, let’s stick to this 17%. As tourism is Greece most important...
6 hours ago