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Thursday, April 26, 2012

Spain, Land of Magical Financial Realism

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Spanish banks are going to lend the fund that is supposed to bail out the banks, the money to bail them out By Raoul Ilargi Meijer T...

In Britain, the bill comes due

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Leniency and Its Costs by Theodore Dalrymple The principal cause of the riots in England that astonished the world ( but not me ) la...
Wednesday, April 25, 2012

Merkel’s Back is Against the Wall…

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Time for Germany’s “Plan B”? Politics, not economics, rule Europe. What I mean by this is that most major decisions in Europe are determi...

Skeletons are getting out of the Chinese closet

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The Paranoid Style in Chinese Politics By Minxin Pei Henry Kissinger, who learned a thing or two about political paranoia as Richard N...

Separated at Birth

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Does it Matter if Obama Beats Romney? Does it Matter if Hollande Beats Sarkozy? By Mike "Mish" Shedlock Does it really matte...

Ich Bin Ein Athener

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The Big Fat Greek Wedding is coming up on May 6   “ The only relevant test of the validity of a hypothesis is comparison of predictio...

Living Above and Beyond Market Forces

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See tomorrow today? Bret Stephens in the  WSJ : “ … the mystery of France is how a nation can witness what happens to countries that li...

Utopia in action

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With Venezuelan Food Shortages, Some Blame Price Controls By  WILLIAM NEUMAN CARACAS, Venezuela — By 6:30 a.m., a full hour and a half ...

Debt Reckoning for Europe

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Country-by-country and bank-by-bank, the good must be disentangled from the bad By Amar Bhidé Saving the euro, say the sages of the ...

What Happens When All the Money Vanishes Into Thin Air?

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Paper money is an abstract representation of the real world Issuing debt and printing money do not create wealth. All they can create is...

The New War Games

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The General's Dystopia BY ROBERT HADDICK On April 12, Gen. Martin Dempsey, chairman of the Joint Chiefs of Staff, discussed what he...

The New Narco State

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Mexico's drug war is turning Argentina into the new Wild West of the global narcotics trade BY HALEY COHEN Last September, Argent...

Weidmann Says What No Politician Wants to Hear

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Jens Weidmann is no longer his master’s voice By Jeff Black and Tony Czuczka Almost a year into his new job as the head of Germany’s Bu...
Tuesday, April 24, 2012

Après Moi, le Déluge

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An awful lot of hogs at the trough By Mark Laudin If history has taught one certain lesson, it is that the less fettered an economy, th...

Multiculturalism and the Melting Pot

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Is Uncle Sam in real danger? by John Derbyshire London Mayor Boris Johnson  spoke the other day  about the riots that devastated Lon...

The Times they are A-Changin'

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Democracy Could Destroy the Euro Upcoming elections in France and elsewhere will likely show massive popular resistance to the austerity...

Blaming Capitalism for Corporatism

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Government SA By Saifedean Ammous, Edmund S. Phelps The future of capitalism is again a question. Will it survive the ongoing crisis in...

How the Fed Favors The 1%

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The Fed is transferring immense wealth from the middle class to the most affluent By Mark Spitznagel The Fed doesn't expand the ...

Spain could ruin Europe's Economy

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The Pain in Spain By   Robert Samuelson Just when you thought the world economy might be improving, along comes Spain. It's Europe...
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England Student Debt Unprecedented

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Education is not a free good By Oliver Staley  When Alex Winning learned that her university tuition in  England  for the 2012-2013 yea...