Princeton scholar Aaron Friedberg concurred: “The movement toward democracy, equality, and cosmopolitanism in each of the states in Europe, the increasingly dense and diverse linkages between them and the mounting costs and declining benefits of war among them have mutually reinforcing effects” and ...
no matter how well it might seem to fit. This realization is what led us to today’s episode ofFreakonomics Radio. We’ll call it “The U.S. Is Very Different from Other Countries — So Let’s Stop Pretending It’s Not.” It’s the first in a series of episodes where we’ll...
2. Our problem now is not simply governmental debt; it is debt of many different types, affecting individuals and businesses of all kinds, as well as governments. In the studies of historical debt by Reinhart and Rogoff, the focus is on governmental debt. Now there is much more debt, some...