When the media reports on a complicated issue, the truth can be horribly distorted – not so much through outright lies, but due to the journalistic practice of squeezing multi-layered facts into simple narratives. We’ve just had an excellent example in the case of the economists Carmen Reinhart and Kenneth Rogoff, whose historical and international […]
Christopher Caldwell’s article contains an interesting aside about George Osborne and his German opposite number: “An aide who was present at Schäuble's meetings with George Osborne in London last October was struck by the similarities in the two ministers' economic philosophies. Both have absorbed the lessons laid out in Carmen Reinhart and Kenneth Rogoff's history […]