1. IMF encourages Europe’s economic suicide (Telegraph)
Ambrose Evans-Pritchard argues that the IMF’s pledge to increase its rescue fund to $1 trillion encourages EMU and German elites to believe wrongly that the essence of this crisis is a speculative attack on the euro.
Mariana Mazzucato argues for the “entrepreneurial state”
3. Austerity is no answer (Times)
Sam Fleming writes that western policymakers are, in the words of Andrés Velasco, Chile’s charismatic former finance minster, “screwing up”.
4. Crisis, what crisis? (Stumbling and Mumbling)
Chris Dillow points out that this crisis is worse than in the 1970s, but there is less of the accompanying sense of despair. He asks why this might be.
5. The Amnesia Candidate (New York Times)
“Just how stupid does Mitt Romney think we are?”, asks Paul Krugman.