From today’s Open Europe news summary: Italian Finance Minister Pier Carlo Padoan has said in an interview that the ECB “has to be consistent and bring [eurozone] inflation close to 2%…which is very far from current levels.” Separately, Handelsblatt reports that the
From today’s Open Europe news summary: Persson: Eurozone still an awfully long way from becoming a healthy and vibrant economic bloc In the Sunday Telegraph, Mats Persson argued that while the risk of a euro breakup has subsided, “the currency zone
It’s not just poor pensioners who are harmed by central banks’ ultra-low interest rate targets. Governments are now also getting squeezed. Pension plans like social security rely on, historically, fixed-income investments to provide returns for the future payouts. With interest
Libertarians know politics is a poor man’s way to effect long-lasting change. Voting certainly brings immediate results. But it doesn’t change attitudes. It takes a sustained didactic campaign to spread ideas. And sometimes, circumstance plays a critical role in ensuring
John O’Donnell and special guest George Reisman discuss Piketty’s new book Capitol in the Twenty-First Century. They discuss Reisman’s recent review of the book entitled Wrong Theory/Destructive Program. They also discuss education and its lack of substance in the U.S.
Self-styled “Bleeding Heart Libertarian” Matt Zwolinski is out with a new series of essays defending a “basic income guarantee” (BIG). For those who don’t know, a BIG is a program where the government gives everyone, regardless of wealth or income,
Precisely because Paul Krugman and I have had an unpleasant exchange of views on the subject, I realize there is a danger in me beating a dead horse, or appearing to be making excuses, whenever I return to the topic of
One of the interesting features of the U.S. economy since 2008 is that despite the tremendous increase in what’s called “the monetary base”—the quantity of dollars that the Federal Reserve directly controls—we haven’t seen a corresponding increase in consumer prices.
Dear Sirs: John Waggoner perpetrates a sleight-of-hand on his readers when he equates investing with gambling in regard to Paul Singer demanding repayment of his Argentine bonds. Investing is ruled by law, and Mr. Singer is demanding that the law be upheld.