Le Monde

Poverty Is Not What You Think It Is

Poverty fell off a cliff after the Second World War. It fell like a stone, including for American blacks. The economy was booming and everyone benefited. The poverty rate dropped from 35 percent in 1950 to less than 20 percent when President Lyndon Johnson, nonetheless, announced his War on Poverty. By the time the War [...]

“Talibans of Austerity”

A sentence in the French newspaper Le Monde recently caught my eye: Il y aura toujours des talibans de l’austérité, there will always be the Talibans of austerity. It was uttered by the economist Jean Pisani-Ferry in an interview in the newspaper about the crisis in the Euro zone, and it made me think at [...]

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