The Institute's blog

In January 2009, artist Michael Najjar stood on the summit of Mount Aconcagua, at 6,962 meters the highest mountain in the world outside of the Himalayas. Read more

"You can’t get out of debt by adding more debt.”

This is the myth that Martin Wolf takes aim at in his third blog post on deleveraging, one of the most significant economic issues of our time. Read more

The financial crisis has led to a resurgence of nationalist agendas in financial governance – nowhere more so than in the most integrated multinational financial system, the euro zone.

In the fall of 2008, individual member states intervened to protect “their” financial system from a meltdown. In the protracted euro zone crisis that has evolved since, they have succumbed to the blame game: representatives from financially stronger countries are pointing fingers at bad banks and weak regulators on the other side of otherwise-dismantled national borders. Read more

How to explain the current recession facing the US and the world? Does so-called “austerian” logic provide the solution? Or is it doing more harm than good?

Martin Wolf has answered these questions in a series of blog posts on the Financial Times website over the last few weeks that explore one of the defining economic issues of our time: deleveraging. Read more

Where’s the next economic crisis?

Look to cash-strapped state and local governments, Tom Ferguson and INET’s Rob Johnson write in today’s Los Angeles Times. Read more

Europe is getting a wake-up call.

After the INET Council on the Euro Zone Crisis report warned that, “Europe is sleepwalking toward a disaster of incalculable proportions,” news media around the world are echoing the Council’s alarm bells to European leaders. Read more

Germany appears to be stuck between a rock and a hard place.

On Monday, Moody’s issued a negative outlook for Germany’s AAA credit rating over concerns that Germany will have to bail out the euro zone’s ailing deficit countries, as was reported in The New York Times. Read more

The INET Council on the Euro Zone Crisis, which features some of Europe’s top economic minds, yesterday released a report that offers a series of suggestions on how to resolve the ongoing euro zone crisis.

The crux of the report comes down to recognizing the distinction between “legacy costs” (costs that now exist as a legacy of the initially flawed design of the euro) and “fixing the design itself.” Read more

In this three-part INET “From the Director’s Chair” interview, INET Executive Director Robert Johnson talks with Robert Skidelsky and his son Edward Skidelsky about their book, How Much is Enough? Money and the Good Life. Read more