Institute for New Economic Thinking

Soros surrendered his empire: "He deserved it"

George Soros, who made a billion dollars "betting" against the British pound, said earlier that he did not want his foundation to be taken over by any of his five children.
However, he appointed Alexander as director of one of the world's richest philanthropic foundations.
"He deserved it," said Soros, whose fortune is estimated at $6.7 billion.

Democracy Digest: Orban Says West Under Attack From ‘Progressive Biological Virus’

Orban reiterated his government's narrative that Hungary was in chaos before he took over in 2010. He paid a backhanded tribute to George Soros, saying that if the Hungarian-born US billionaire "had not launched his migration program, we would never have made it into the headlines".

Democracy Digest: Bodyshaming, a block of cheese and diplomatic cold showers

Balazs Furjes, state secretary for the development of Budapest, countered by pointing out that at least Orban speaks good English, while Karacsony still has to give interviews to the foreign media via an interpreter and cannot communicate with counterparts at international conferences due to a lack of basic language skills.

Barry Eichengreen: Economic recovery will be like a ‘Nike Swoosh’

The steep contraction of the global economy will be followed by a slow rebound as the coronavirus pandemic starts to subside, Barry Eichengreen, the George C. Pardee and Helen N. Pardee Professor of Economics and Political Science at the University of California, Berkeley, tells Kathimerini.

Jeffrey Sachs: ‘The key right now is to fight the epidemic’

Jeffrey Sachs is an eminent American economist and professor of sustainable development at Columbia University's School of International and Public Affairs. He had for many years been director of Columbia's Earth Institute, while he's served as special adviser for sustainable development to the last three secretary-generals of the United Nations.

Editorial: From the ‘Chicago boys’ to the ‘Texas boys’

Ta Nea on 9 November published an interview with American economist and Nobel Prize winner Joseph Stiglitz in which he essentially admitted that he and a team of his colleagues from the University of Texas in 2015 were working on a plan for Greece to return to the drachma and leave the eurozone.

He viewed this prospect as an attractive solution for Greece's economic problems.

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