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Global Economists »

We now know that some of these market emperors had no clothes, and that their activities, far from benign, could result in severe financial instability and generate serious losses for taxpayers, not to mention precipitating a global recession.

What we are seeing is agreement across the aisle on a very dangerous approach to public finance: a continuation and extension of what President George H.W. Bush memorably called “voodoo economics.”

Raghuram Rajan

The curbs were imposed not because the industry was exploitative, but because it offered an alternative to political patronage.

Eric J. Topol

But pessimism about the potential of human-genome research to yield medical breakthroughs has arisen from unrealistic expectations.

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