The great and wise tell us that the European unification project -- of which the Euro is now center state -- is good. And the foolish German people are short-sighted and foolish to oppose aid to Greece that's necessary to preserve it. They're wrong. The German people are right. From Eurointelligence's coverage of the crisis: "The … Continue reading About the Euro crisis: the experts are wrong; the German people are right.
Two stories about the Gulf oil spill. First, the real story. Today begins efforts to place a hood over the major oil leak. It's never been attempted at this depth, and (so far as I can tell) never been done successfully. See Reuters for the latest information. If this fails, the spill will continue for … Continue reading We’re at a key point in the Gulf Oil spill, while urban legends breed and circulate among the credulous
Today’s links to interesting news and analysis. If you find this useful, please pass it to a friend or colleague. Best graphic of the year, refuting conservatives lies about the Federal deficits: "How Trillion-Dollar Deficits Were Created", New York Times, 9 June 2009 Powerful and important article: "Goodbye Supply Side", National Review, 3 May 2010 … Continue reading FM newswire for May 6, interesting articles about geopolitics
Civilization results from the creation of an economic surplus beyond that needed to survive. A society grows stronger by its ability to generate larger surpluses (save rather than consume) and wisely invest that surplus. America handsomely demonstrated that after WII. For example, Eisenhower started the Interstate Highway System (cost $425B in 2006 dollars; source) and the Apollo program (cost … Continue reading How has American invested in its future? Where have we put our money?
Today’s links to interesting news and analysis. If you find this useful, please pass it to a friend or colleague. "The Euro Trap", Paul Krugman, op-ed in the New York Times, 29 April 2010 -- Until they understand the problem, there can be no cure. A look in the mirror: "Cases in Plutarchy? The U.S. … Continue reading FM newswire for May 5, interesting articles about geopolitics