Tag: France

In Europe, at least.  France has a new Socialist President, François Hollande.  While the Euro traded lower this morning (no surprise), the opposition in Germany, both politically and to the ongoing austerity pact with France, was energized. Ms. Merkel’s political opponents, though, seemed cheered. Sigmar Gabriel, head of the opposition Social…

Just on general principles if nothing else… The comparison between France and the US is a good one, because the two countries have about the same level of productivity, or output per hour. This means that they have the economic capacity to enjoy about the same living standards. The French…

Crooked Timber comments on this slice of wingnutty goodness at The Economist! France desperately needs reform .. .neighbours have been undergoing genuine reforms … deep anti-business attitude … proposing not to reform at all … refusal to countenance structural reform of any sort … resistance to change … hostile to…

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…

One of the qualitative features of Modern Monetary Theory is that nations that have their own sovereign currency are not subject to the same constraints of countries that use another nation’s currency.  A quick look at France and Britain and the reaction of France to a threatened sovereign debt downgrade…