Nobel Prize winner Daron Acemoglu writes that western colonialism of African countries has permanently fixed their institutional direction. This ignores what we know about the history of these nations.

While Paul Krugman certainly was well-known as an academic economist, he won his Nobel Prize in 2008 for his anti-George W. Bush commentary in the New York Times.

This won't be cured by an end to hostilities in the Strait of Hormuz, which don't look to end soon in any case. 

Keynesians claim that government debt is no problem because “we owe it to ourselves,” as though owners of US debt don’t care if they are repaid or not. Taxpayers, who actually will pay the debt, are left out of the equation.