Meanwhile, Back in Greece, Things Get Interesting

The leftist political party Syriza and their leader Alexis Tsipras are embarking on a re-invention of the Greek state.  Their new platform calls for the nationalization “of several former public institutions, including telecommunications and energy companies, as well as airports and ports.”  As the Chinese proverb / curse says, May you live in…

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The Turd in the Eurozone Pool

This time, it’s not a Baby Ruth!  When Greece poops, it’s everyone out of the Europool. This demonstration that the euro is, in fact, reversible would lead, in turn, to runs on Spanish and Italian banks. Once again the European Central Bank would have to choose whether to provide open-ended…

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In Literature, Would This Qualify as “Foreshadowing?”

Foreshadowing is a technique used by writers to hint at something coming down the plot highway.  One type of foreshadowing is called telegraphing… Spotted by Sean Keane It was also interesting to note an easily overlooked article in Greek online newspaper Kathimerini saying that the European Commission is pressuring the European…

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The Golden Euro

Not to be confused with The Golden Snitch…  Paul Krugman today aligns himself with the MMTers (Modern Monetary Theorists) in explaining why the Eurozone is failing so spectacularly and seems so incapable of coming up with a remedy.  He examines the two current narratives as to why the Eurozone is…

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Punk Economics: Episode 2

Enjoy! If you missed it, here’s the link to Episode One.

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Arrival of the Autocracy

Autocracy arrives in Europe. When Wolfgang Schäuble proposed that Greece should postpone its elections as a condition for further help, I knew that the game would soon be up. We are at the point where success is no longer compatible with democracy. The German finance minister wants to prevent a “wrong” democratic choice. Similar…

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Zombie Talking Point #17: We’re Becoming Greece!

Or Italy, or Ireland, or Portugal or now even France.  No… We’re not like them at all.  Anyone who tells you that we are is either lying to you or is too stupid to understand why the United States (like the UK) is in a much different circumstance.  We are…

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90 Years of Austerity

Did you know that it wasn’t until October 2010 that Germany finally paid of the last of its Versailles Treaty obligations from 1919 closing the books on World War I?

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