We've entered a brave new world in the wake of the crisis; a very different world in terms of policy making and we just have to accept it.
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As the economic crisis abates, there is an emerging consensus that a better safety net is needed to enable countries with good policies to insure against bad outcomes, especially when they are innocent bystanders.
Editor's Note: This post has been removed from the Huffington Post....
As economists debate the likelihood of a depression most of our media highlights sunnier forecasts, perhaps to boost confidence and the sales pitches of their advertisers.
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