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Tag Archives: the economy
Greece appears to be going down, and now the Italians are panicking. This is in London’s Telegraph today (written by its international business editor, Ambrose Evans-Pritchard): Italy’s former premier Romano Prodi said the EU risks instant contagion to Spain, Italy, … Continue reading
Pat Buchanan thinks America’s headed for Weimar-era levels of inflation. At least, this is what Jeffrey Kuhner claims in a favorable review of Buchanan’s new book, Suicide of a Superpower (2011), for the Washington Times: Mr. Buchanan states that the exploding debt threatens … Continue reading
I’m not a fan of Larry Summers. He’s part of the reason the banking crisis turned out as bad as it did. He supported, for example, deregulation of the banking industry throughout the Clinton and Bush years, and, when he had the … Continue reading
Lifting the Veil is an unusually well done compilation documentary. Though long, I ended up watching the whole thing at YouTube, and found it so compelling I’m posting it here. You might find yourself unable to stop watching it as well. I can’t … Continue reading
The Los Angeles Times reports that the Repubican Speaker of the House, John Boehner, made the following retort to job losses from recently proposed federal budget cuts: “so be it.” Here’s the Los Angeles Times: House Speaker John Boehner (R-Ohio) dismissed concerns that the spending cuts … Continue reading
Over the past decade in the United States, why hasn’t income-based resentment politics been a broader cultural phenomenon? In other words, why don’t the working and middle classes hate the rich in more obvious ways than they do? Is it that they have … Continue reading
The following was in the New York Times on the day before Thanksgiving, 2010. It describes with stark clarity the vicious debt whirlpool that Spain is in the grips of. I wonder what Paul Krugman would say about this. I suppose that, someday, the United States could find … Continue reading
If you want to be hopeful about the human future (including America’s), think about this: free minds and strong exchange economies are positively correlated. It’s not that there is a one-to-one relationship between them, but wherever you have free minds the odds are good, … Continue reading