22 May 2010

Europe's Strategy and Europe's Future

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A week ago, in the wake of its continuing financial crisis and in response to the panicked imploring of Mr. Jean-Claude Trichet, the increas...

Can Europe Save Itself?

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"Turning and turning in the widening gyre The falcon cannot hear the falconer; Things fall apart; the center cannot hold; Mere anarchy ...

Schooling and economic growth

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Received a note from Dr. Larry Willmore, an economist with an interest in education and the economy at the International Institute for Appli...

The IMF and World Bank Meetings and International Monetary Reform

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Original draft: Mid April 2010. The Spring meetings of the International Monetary Fund and the World Bank will take place later this week a...

Krugman and Lessons from the Greek Debt Crisis

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Original draft: Early April 2010. In an article published yesterday in the New York Times Paul Krugman discussed the debt crisis in Greece ...

Hayek and the Health Care Legislation

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Original draft: March 2010. I have been re-reading parts of Friedrich von Hayek's Road to Serfdom .  Hayek is so right about how govern...

Arnold Kling on the financial reform bill

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“My instinct is to call the proposed legislation a "blame deflection bill" rather than financial reform. But I admit that I have n...

The problem of seigniorage in the European Union

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"This may not be obvious, but, creating money in a currency union is no simple task. In any single country, central banks usually rest...

The bubble that is Greece and the disaster to come

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“Bubbles are back as a topic of serious discussion, as they were before the financial crisis. The questions are: (1) can you spot bubbles,...

Greece still awaits a bailout that may not come

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“The EU, led by France and Germany, appears to have some sort of financing package in the works for Greece (probably still without a major r...