Bubbles are bad - how can we forget the internet bubble of the 90s or the recent subprime mortgage crisis? Now it seems that we have gotten ourselves into a new bubble - and the consequences of ignoring it could be disastrous...
Fifty years ago I began my undergraduate studies at the University of Leeds in the UK. It is not something I particularly dwell on, but the stories out of Beijing this week, describing the air pollution in the Chinese capital,...