Opinionomics | 23 May 2012

Must-read comment and analysis. OMG, WTF IMF?

1. Monetary and fiscal stimulus are not the same thing (ToUChstone)

"The IMF is advocating a monetary stimulus first, followed by (if that doesn’t do the trick) a fiscal stimulus", writes Duncan Weldon. "At least it has implicitly recognised that monetary and fiscal stimulus are not the same thing."

2. The IMF's economic statement: reading between the lines (Market Square)

The IMF argues for fiscal action now… but Lagarde pulls her punches, argues Ian Mulheirn

3. You say princelings, I say elite corps of investment bankers (Reuters)

Ben Walsh compares and contrasts China's elite with America's.

4. British energy policy is a dark underworld of fanatics (Guardian)

The government's decision to direct resources to nuclear and wind is typical of an institution befuddled and beset by lobbyists, writes Simon Jenkins

5. Has Krugman been reading a different report on the UK economy? (Telegraph)

Jeremy Warner doesn't agree that the IMF was critical of the Government's plan at all.

Wind farms in Greece. Photograph: 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.

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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.