Day: May 28, 2020

Politics this week

Politics this week

May 30th 2020Protests erupted in Hong Kong after an announcement that the National People’s Congress, China’s rubber-stamp parliament, would impose a national-security law on the territory. The demonstrations were also fuelled by a proposal in the city’s legislature to make insulting China’s national anthem a crime. Mike Pompeo, America’s secretary of state, said that the…

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The legacy of Alberto Alesina

The legacy of Alberto Alesina

May 28th 2020A DECADE AFTER the last global downturn, the economics establishment’s U-turn on austerity is complete. In 2010 the IMF praised Britain’s tough deficit-reduction plan. Now it recommends a big fiscal expansion to cope with the coronavirus pandemic. Politicians were once fond of citing research co-authored by Kenneth Rogoff, an economist, to warn that…

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