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The Politics of Austerity

I hate to sound like a broken record here, but I believe the anti-austerians have it all wrong about the politics of austerity. Everywhere I look, there is some analysis that takes the statements of policy makers and big investors as…

Why Germans are poor

Recently the ECB conducted a eurosystem household finance and consumption survey and man have been talking about it because it shows that household wealth in places like Italy and Spain is greater than it is in Germany. The question I think…

On Cyprus and the European Crisis

It has been non-stop Cyprus for the past couple of days this weekend. And it has brought back the bad ol' days when every weekend seemed to be another episode in endless crisis. To wit, this episode in Cyprus demonstrates how misplaced the…

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