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Raghuram Rajan

US & Canada

The trouble with libertarian paternalism

Providing opt-outs from recommended defaults is only worthwhile is some form of choice is actually exercised.

Politics

Democratic inequality

Counties with less bank competition experienced milder farmland booms and smaller busts before the 'depression.'

Business & Economy

A crisis in two narratives

With the world's industrial democracies in crisis, two competing narratives of its sources are emerging.

Business & Economy

Winning the European confidence game

Both technical details and appearances are essential to rescuing the eurozone.

Business & Economy

The undeserving one per cent?

Ideas about who qualifies to be in the one per cent and how they made their money may be flawed, says economist.

Business & Economy

Is inflation the answer?

Using inflation as a tool to restore economic health in the US is a risky strategy - and may just make matters worse.

Politics

Washington and the art of the possible

Debt-deal proves politicians should be lauded for being loyal to their constituents, not lambasted for being untimely.

Business & Economy

Black magic money

Recent events such as the Japanese Tsunami and circumstances like high oil prices seem to be slowing down the US.

Politics

Three paths for indebted democracies

The financial crisis has created such levels of indebtedness for democracies that no solution comes without a cost.