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The Myth at the Heart of Modern Economics

A fabricated story about the causes of 1970s inflation — repeated in high school textbooks and the New York Times — plays a surprisingly important role in shaping economics today. It may well have helped spur the Fed’s ongoing campaign to engineer a recession.

Chinese Workers Are Facing Escalating Repression

The new working class created by China’s transformation has been learning how to organize and demand a better deal with help from labor NGOs and left-wing activists. But a crackdown on oppositional activity under Xi Jinping has made their job a lot harder.