Quotes & Links #37

1) nzz.ch: Pikettys armseliger Eurozentrismus

Wir haben zwei Jahre damit verbracht, Interviews mit Angehörigen von Menschen, die sich selber verbrannt haben, und Überlebenden durchzuführen. Der gemeinsame Nenner dieser Märtyrer war, dass sie Entrepreneurs waren und dass sie alle empört darüber waren, dass ihr kleines Kapital (auf Arabisch: «ras en mel») enteignet worden war.

Interessanter Kommentar zu Piketty und seinen Statistiken. Ich sollte das Buch wirklich mal weiterlesen.
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Quotes & Links #29

1) nytimes.com: Helping the Poor in Education: The Power of a Simple Nudge

Why aren’t schools, districts and states rushing to set up these measures? Maybe because the programs have no natural constituency. They are not labor- or capital-intensive, so they don’t create lots of jobs or lucrative contracts. They don’t create a big, expensive initiative that a politician can point to in a stump speech. They just do their job, effectively and cheaply.

2) medium.com: Draghi’s force multipliers

My reasoning was that a big intervention program could only have any chance of working if the banking system was able to support it by expanding credit, and that Mario Draghi knew that there was no point in pouring central bank funds into the leaky bucket of the Euroland banking system until the Asset Quality Review was finished.

In that context, the careful unpicking of institutional problems matters just as much as the big showy announcements of trillions of Euros of asset purchases.

Interesting piece throughout and compliments other comments very well.
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