Friday, January 17, 2014
P.Krugman is really angry with Hollande
When Mr. Hollande became leader of the second-ranked euro economy, some of us hoped that he might take a stand. Instead, he fell into the usual cringe — a cringe that has now turned into intellectual collapse. And Europe’s second depression goes on and on.Scandal in France - NYTimes.com
Thursday, January 16, 2014
Kevin O'Rourke on President Hollande's Economics
The Irish Economy » Blog Archive » L’offre crée même la demande.
Francesco Saraceno comments on the same topic.
European left: to all intents and purposes, in many countries there is none.
Francesco Saraceno comments on the same topic.
Keynes: right;
Say (and François Hollande, and the Commission, and Angela Merkel): wrong
Wednesday, January 15, 2014
Martin Wolf "Failing elites threaten our future" - FT.com
Failing elites threaten our future - FT.com
three visible failures.
First, the economic, financial, intellectual and political elites mostly misunderstood the consequences of headlong financial liberalisation.... The rescue was necessary. But the belief that the powerful sacrificed taxpayers to the interests of the guilty is correct.
Second, in the past three decades we have seen the emergence of a globalised economic and financial elite....
Third, in creating the euro,... The eurozone crisis is not just economic. It is also constitutional.
three visible failures.
First, the economic, financial, intellectual and political elites mostly misunderstood the consequences of headlong financial liberalisation.... The rescue was necessary. But the belief that the powerful sacrificed taxpayers to the interests of the guilty is correct.
Second, in the past three decades we have seen the emergence of a globalised economic and financial elite....
Third, in creating the euro,... The eurozone crisis is not just economic. It is also constitutional.
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