Opinionomics | 3 April 2012

Must read comment and analysis, including a debate over risk aversion in financial regulation. Is th

1. Evidence of Nominal Wage Rigidities (Mark Thoma)

Everyone in economics knows one thing: Wages are sticky. It's hard to cut them. How hard? Thoma finds the evidence.

2. What happened at Groupon? (Felix Salmon)

Felix suggests one reason – beyond their borderline Ponzi-scheme accounting – why Groupon may be having problems

3. Welcome to Ikea-land: Furniture giant begins urban planning project (The Globe and Mail)

Ikea is building a ten-acre housing development in the Olympic Park in London, which will be an all-rental private neighbourhood.

4. The FDA approach to regulation (Economist | Free Exchange)

A.C.S. argues that the desire to make the SEC more like the FDA is mistaken...

5. Default Rules and Regulatory Agency Design (Slate | Moneybox)

...While Matt Yglesias disagrees.

Is the FDA a good model for financial regulation? Credit: Getty Images

Alex Hern is a technology reporter for the Guardian. He was formerly staff writer at the New Statesman. You should follow Alex on Twitter.

Getty
Show Hide image

Word of the week: Michellania


Each week The Staggers will pick a new word to describe our uncharted political and socioeconomic territory. 

After brash Republican presidential nominee Donald Trump paraded his family at the national convention, the word of the week is:

Michellania (n)

A speech made of words and phrases gathered from different sources, such as Michelle Obama speeches and Rick Astley lyrics.

Usage: 

"I listened hard, but all I heard was michellania."

"Can you really tell the difference between all this michellania?"

"This michellania - you couldn't make it up."

Articles to read if you're sick of michellania:

Do you have a suggestion for next week's word? Share it in the form below.