From Dani Rodrik’s Europe’s Next Nightmare in Project Syndicate: The challenge is to develop a new political narrative emphasizing national interests and values without overtones of nativism and xenophobia. If centrist elites do not prove themselves up to the task, those of the far right will gladly fill the vacuum, minus the moderation. That is [...]
Today, in the Süddeutsche Zeitung online, an editorial by Heribert Prantly which makes, among others, the following point: In der Spitzenpolitik wurde dieses Referendum diskutiert, als habe Premier Papandreou vorgeschlagen, die Demokratie in seinem Land durch ein russisches Roulette zu ersetzen – und als gelte es daher, dem Premier die Waffe wieder aus der Hand [...]
Fiat Currency. Fractional Reserve Banking. Collectivism. Curse words as familiar these days on the Intertubes as socialist or liberal used to be at Baptist church suppers. Disciples of the Austrian Holy Trinity – Hayek, Von Mises, and Rothbard — are everywhere these days, and everywhere eager to counsel us that any houses we build in the future [...]
Originally appeared as a comment on Autonomy for All. Reposted here with minor changes. Tinkering…. As good a word as any for a dearth of political will. I hate to bash Brad DeLong, who’s one of the good guys, and doesn’t really deserve a snarking, but he’s a classic case of the technocrat who believes [...]
If a just and merciful God actually ruled our modest corner of the universe, this might well be the last headline in the last newspaper before the world’s presses are shut down forever. The justice of it is obvious. Having devoted the last twenty years of his pitiful life to a self-indulgent campaign against the [...]
If the government is going to give billions, even trillions of our tax dollars to the banks, we should own them. Nationalize the banks. When progressive Democrats say this, what they usually mean is that the government should take over the large investment banks and bank holding companies which have been the recipients of tax-funded [...]