The Upside of the Economic Downturn: Smarter Shopping Habits

The recession opened up consumers’ eyes to something that seems completely obvious in retrospect: For a long time, people had been habitually spending money impulsively, foolishly, wastefully. We all know that consumers have reduced spending since the onset of the recession. What’s interesting is that people overwhelmingly describe the …

Are capital controls good for the world economy?

Who Me? America’s efforts to restart the US economy is one of the reasons other countries are contemplating more capital controls (Nicky Loh/REUTERS)

I remember well when Malaysia’s renegade Prime Minister Mahathir Mohamad imposed capital controls in 1998 to protect his emerging nation from the ravages of the Asian financial crisis.

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