There's nothing like a long-running equity rally, a return to something resembling normalcy in the credit world and fresh signs of economic recovery to lift the gloom of a dreary late November day. . . .
Carmen Reinhart of the University of Maryland talks with EconTalk host Russ Roberts about the ideas in her book This Time is Different: Eight Centuries of Financial Folly (co-authored with Kenneth Rogoff). . . .
For years, Grand Ayatollah Hossein Ali Montazeri criticized Iran’s supreme leader and argued that the country was not the Islamic democracy it claimed to be, but his words seemed to fall on deaf ears. . . .
The size and schedule of the U.S. team heading to North Korea on Dec. 8 and led by Stephen Bosworth, U.S. special representative for North Korea Policy, appears to some as rather “small” relative to the intense interest and large expectations surrounding the visit. . . .