Opinionomics | 1 May 2012

Must-read comment and analysis. Featuring Paul v Paul and Ha-Joon Chang.

An emergency department in Washington DC
An emergency department in Washington DC. How similar is it to a university? Photograph: Getty Images

1. Cutting red tape and taxes will not revive Britain (Guardian)

Without completely rebuilding its economic model, the future of the British economy is bleak, writes Ha-Joon Chang.

2. What makes health-care and education costs similar to each other — and unlike anything else Washington Post | Wonkblog)

Ezra Klein looks at the similarities between health care and higher education. Are costs for both spiralling out of control because of government intervention – or despite it?

3. Lloyds almost off addiction to taxpayer loans (BBC News)

Robert Peston writes about the good news for taxpayers in Lloyds' latest results.

4. Economy Face Off: Ron Paul vs Paul Krugman (Bloomberg)

Twenty minutes of Paul v Paul. It's like a clash of the titans, if one of the titans wasn't actually a titan but just had a lot of people on the internet who thought he was.

5. No alternative to austerity (Financial Times)

Gideon Rachman sticks his head in the sand.