Information problem underlying the current crisis. Thanks to Mark Thoma

The real comparable economic crisis to ours.

Has anyone noticed, how the tone with which Russian leaders speak has changed lately? When they speak with the western world, there is much more consiliatory tones and much less arrogant tones than used to be. I wonder why.

It seems that Fukuyama's predictions about the survivability of authoritarian regimes is being put to test. And that test is looking rather good for "The end of history and the last man".