There seems to be a widespread belief that Greece is in the trouble it is in today because it will not implement the policies that Europe has demanded of it.
How serious is China about “the introduction of a new reserve currency to replace the dominant U.S. dollar,” one of its proposed steps for creating the “de-Americanized world” that the official Xinhua news agency called for in the run-up to the denouement-cum-deferral of the U.S. fiscal crisis? American commentators’ responses have ranged from the […]
Two weeks ago, I used this space to lament the austerity measures currently being implemented in Europe. With the European Common Currency Zone stuck in six consecutive quarters of recession, it’s easy to understand just how sick the continent’s economy is on a macro scale. One country which is certainly not sick these days is Thailand. […]
Watching the news these days and hearing about yet another austerity plan being implemented in some European country usually requires a shake of the head and a rueful look directed at the television for most people. I’m not sure what else can possibly be cut, but it seems there is always more to take away […]
Nicholas Whapshott’s 2011 book Keynes Hayek: The Clash That Defined Modern Economics, is a useful primer for those looking to understand the careers and philosophies of the two foundational economists. Perhaps its most striking insight is that neither seemed as absolute about the fact that his philosophy fit all times as the followers of both […]
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