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Grexit
I never subscribed to the idea that Greece was going to be expelled from the euro zone in 2012. However, my view on Greece is more pessimistic than most. Most policy makers in Europe would have you believe the euro crisis is over. Here's…
Links: 2013-01-11
The Terrifying Danger of the Trillion Dollar Coin
"The bottom line is that the Trillion Dollar Coin removes profit the financial system makes on the interest payments to holders of the Treasuries - this reduces the cost to government (and…
Links: 2013-01-09
North America
Letting the payroll tax cut expire was a terrible idea; extent of terribleness unclear | FT Alphaville
"While workers intended to spend 10 to 18 percent of their tax-cut income, they reported actually spending 28 to 43…