It is often said that the Eurozone's unemployment problem arises from the fact that it is not an optimum currency area. But the real problem is Eurozone governance.
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Draghi's Jackson Hole speech is about the tragedy of long-term unemployment. He calls for fundamental reform of the Eurozone's institutional structure.
It's possible that a society of educated people is likely to be more cultured and scientific-minded than one of non-graduates, and this should have positive externalities in the form of better political discourse and higher culture. There is, however, little evidence of this in practice.
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RT @azizonomics: Let Them Eat Baklava http://t.co/Pqer5KikAk The Troika is cutting off its nose to spite its face. My latest for @PieriaVi…
RT @azizonomics: There Is No Tech Bubble http://t.co/dsaJFj1D7a My latest for @PieriaView, featuring @pmarca
RT @econromesh: Robots seem to be improving productivity, not costing jobs, @HarvardBiz on @CEP_LSE research: https://t.co/8ZzNQYMk0R