United States

Edward Hadas

Breakingviews - Hadas: Economists trapped in pre-crisis fogs

Sep 19 2018

LONDON (Reuters Breakingviews) - The bankruptcy of Lehman Brothers 10 years ago justified one standard recommendation for economic policy: If a big financial institution collapses in a heap, be sure to keep money flowing through the economy.

Breakingviews - Hadas: The paradox of risk-free finance

Sep 05 2018

LONDON (Reuters Breakingviews) - Charles Calomiris has a new twist on his old theory about what’s wrong with banking. Unfortunately, the Columbia Business School professor is not pushing his valuable insight in the right direction. 

Breakingviews - Hadas: The missed opportunity to do Brexit right

Aug 29 2018

LONDON (Reuters Breakingviews) - Brexit is a risky business. Last week’s publication of contingency plans for the United Kingdom to leave the European Union without a deal is an embarrassing reminder of that fact. Advocates of independence failed to realise that virtually all British foreign trade and transport relies on membership of the EU, or on a comprehensive deal with the bloc.

Breakingviews - Hadas: Turkey shows damage of fading world order

Aug 14 2018

LONDON (Reuters Breakingviews) - Turkey’s currency crisis was easy to predict. What is more surprising is how weak the global response has been. The old world financial order is badly missed.

Breakingviews - Hadas: The Great Moderation is due for revival

Aug 02 2018

LONDON (Reuters Breakingviews) - The Great Moderation – snicker, snort. Surely, the idea that modern economies have no need for economic cycles was killed off by the great financial crisis of 2008. Like the “end of history” proclaimed after the fall of the Soviet Union, this notion seems to belong in the dictionary of utopian follies.

Breakingviews - Hadas: U.S. radicals are a fit for EU mainstream

Jul 26 2018

DANVILLE, Vermont (Reuters Breakingviews) - Alexandria Ocasio-Cortez has become a poster child for radical left-wing politics in the United States. The young New York candidate for the House of Representatives has a small army of enthusiastic fans, who last month helped her win the Democratic nomination over an established veteran.

Breakingviews - Hadas: Global case of baby fever is easily cured

Jul 18 2018

LONDON (Reuters Breakingviews) - It’s time for governments to accept a basic truth of the 21st century political economy: Children are an economic drag for parents. Political authorities can take some comfort, however. Low birth rates do not cause serious economic problems.

Breakingviews - Hadas: World Cup reveals competitive market secret

Jul 11 2018

LONDON (Reuters Breakingviews) - Sports fans consider the World Cup to be a showcase of bitter competitive rivalry. Passions run so high that the soccer championship sometimes seems like a substitute for war. Yet the matches are basically peaceful. Moreover, the ritual conflicts are merely the visible surface of a great structure built on strong and deep foundations of cooperation. This combination of sharing and fighting has a parallel in the economy – competitive markets.

Breakingviews - Hadas: The euro is not doomed

Jul 04 2018

LONDON (Reuters Breakingviews) - The euro is doomed. That claim was first made as soon as a European single currency was officially suggested in 1970. Predictions of disaster have come steadily ever since. The actual appearance of the currency in virtual form in 1999, the euro zone banking crisis that started in 2010, and now a new eurosceptic Italian government have all spurred warnings of inevitable woe.

Breakingviews - American socialist, 28, discovers secret of 99 pct

Jun 27 2018

LONDON (Reuters Breakingviews) - As an American political story, the surprise victory of Alexandria Ocasio-Cortez in a New York Democratic Party primary election is a pretty big deal. But the 28-year-old Puerto Rican woman from the Bronx may have done something even more impressive than win against a better-funded incumbent. She may have discovered, or rediscovered, a key to substantial social and economic change.

World News