Sweden

The Trouble With Negative Interest Rates
July 17, 2009

As you might remember, Sweden's Riksbank is now charging a negative interest rate (-0.25%) on excess reserves. But Scott Fullwiler thinks that this won't have the intended effect of moving cash into circulation: Instead of providing an incentive for banks to lend, banks instead will have an incentive to rid their balance sheets of reserve balances. ...

What That Swedish Model Actually Looks Like
February 24, 2009

Not quite as buxom or blonde as you might think, but not bad either... Swedish economist Anders Aslund has a very helpful post over at the Peterson Institute blog: Sweden did not nationalize its banks. It was Norway that did so, which is an alternative model. In Sweden, a temporary emergency bank authority was set up on the model of the US Federal Deposit Insurance Corporation. ... The banks were forced to write off their bad debts and transfer them to bad banks. Sweden had no aggregator bad bank and the bad banks were not nationalized. Each big bank set up its own bad bank. ...

What That Swedish Model Actually Looks Like
February 24, 2009

Not quite as buxom or blonde as you might think, but not bad either... Swedish economist Anders Aslund has a very helpful post over at the Peterson Institute blog: Sweden did not nationalize its banks. It was Norway that did so, which is an alternative model. In Sweden, a temporary emergency bank authority was set up on the model of the US Federal Deposit Insurance Corporation. ... The banks were forced to write off their bad debts and transfer them to bad banks. Sweden had no aggregator bad bank and the bad banks were not nationalized. Each big bank set up its own bad bank. ...

Stick Stuck
February 18, 2009

ONE OF THE items in “Home Delivery: Fabricating the Modern Dwelling,” the exhibition recently at the Museum of Modern Art in New York, was a short film, made in 1930, called “Houses While You Wait.” A grainy black-and-white screen opens up with a view of a vacant suburban lot. A delivery truck rolls up, filled with wall-size metal panels and other materials. A retinue of somewhat scruffy white men in baggy pants unloads the cargo and deposits it on the site. They scurry around at that ridiculous, fast-forward silent-film speed.

Will Cell Phones Kill You?
April 09, 2008

The Secret History of the War on Cancer by Devra Davis (Basic Books, 505 pp., $27.95) I. In 1775, Percivall Pott, a surgeon at St. Bartholemew's Hospital in London who gave his name to several diseases and conditions, published Chirurgical Observations. Although he had treated such distinguished personages as Samuel Johnson and Thomas Gainsborough, his treatise focused on the lowliest of the low. In so doing, he became the first to hypothesize what is now a widespread notion: that cancer can be caused by environmental exposure.

Creative Destruction
November 12, 2007

The best case against universal health care.

Health Care Special Issue: Creative Destruction
November 12, 2007

More than a decade ago, Michael Kinsley, the journalist and former editor of this magazine, developed Parkinson's disease--a degenerative condition that impairs motor and speech control, producing tremors, rigidity, and eventually severe disability. While the standard regimen of medications helped, he knew that his symptoms were bound to get steadily worse with time. He needed something better--something innovative--before the disease really progressed. In 2006, he got it at the famed Cleveland Clinic in Ohio. The treatment Mike received is called Deep Brain Stimulation, or DBS for short.

Perverted
May 03, 2004

Quack gay marriage science

Euro Cheek
July 02, 2001

George w. Bush's trip to Europe last week offered America's highbrow press something delicious: a big, new foreign policy idea. Europe and the United States, we were told over and over, are drifting apart because of a conflict over values. During the cold war, Europe resented America for what it did; today, Europe resents America for what it believes. Global warming, missile defense, the death penalty, economic policy--each dispute further illustrated this transatlantic cultural gulf. A clash of civilizations! What fun. Too bad it probably isn't true.

Liberal Ghosts
May 22, 1995

James Q. Wilson meticulously reviews a book on New Deal liberalism in an issue of TNR from 1995.

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