RFE/RL: Your warnings about future problems for the euro currency -- which you wrote about in the 1990s when the single European currency was still in the planning stages -- went largely unheeded by European policymakers.
Michael Spence, co-winner of the Nobel Prize in economics in 2001 and a partner at Oak Hill Venture Partners, talks with Bloomberg's Andrea Catherwood about lessons to be learnt from the Greek debt crisis.
Meet the four person Jones family, which after taxes had $100,000 of income last year. For some strange reason, 15-year old Billy Jones is not allowed to work or earn any income. For some even stranger reason, Billy’s parents give him an allowance of about $50 per