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Author Archives: radiofreemarket
My letter to the Wall Street Journal re: A strange definition of “good news”
Re: Consumers Prime the U.S. Pump Dear Sirs: Your definition of “good news” for the U.S. economy is defined as an increase in “real, or inflation-adjusted, personal-consumption expenditure”, which was driven by a “savings rate, which slipped to 4.8% from … Continue reading
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My letter to Wolfgang Munchau of the Financial Times, London
Re: The make believe world of eurozone rules Dear Sir: In your otherwise fine column today–Monday, July 27, 2015–you conclude with this statement: “…Germany does not want to grant Greece debt relief for political reasons, and is using European law … Continue reading
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Economic Fallacies about Greece
There has been much unscientific economic pronouncements about Greece’s financial problems and especially how to solve them. Below is a short list of three of these economic fallacies. The euro is too strong a currency for Greece. This … Continue reading
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An economic myth that just will not die
An excerpt from today’s Open Europe news summary: Luc Coene, a member of the ECB’s supervisory board and a former Belgian Central Bank Governor, told Belgian daily De Tijd that a Grexit may have been a better option, arguing, “Because … Continue reading
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The depth of the European problem is starting to get attention
From today’s Open Europe news summary: William Hague: Greek crisis could be only the beginning Writing in The Daily Telegraph, former UK Foreign Secretary William Hague argues that “this is not just about one country. It is in Greece that … Continue reading
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Greece should repeal legal tender laws and not print drachma
From today’s Open Europe news summary: Ruparel: Greece is going to have to start printing its own money Open Europe’s experts have been widely cited in the UK and international media discussing the latest developments in the Greek crisis. Writing … Continue reading
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My Advice for Greece
Leave both the European Union (EU) and the European Monetary Union (EMU). These are very flawed institutions. In his prescient book Tragedy of the Euro, Professor Philip Bagus uses the term “misconstructed”, which I think is very descriptive of … Continue reading
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Patrick Barron interviewed on Mises.org re: The Greek Crisis
Patrick Barron: The Greek Crisis and the Impossibility of the Euro Published on Jul 2, 2015 Jeff Deist and Patrick Barron discuss European integration, which pits creditor nations like Germany against hapless debtors like Greece under the yoke of the … Continue reading
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Greece illustrates 150 years of socialist failure in Europe
Greece cannot pay its debts…ever. Nor can several other members of the European Union. That’s why Europe’s elite are loath to place Greece in default. If Greece is allowed to abrogate its debts, why should any of the other debtor … Continue reading
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My letter to the Financial Times, London re: Do bank regulations actually work?
Re: Banks face pushback over surging compliance and regulatory costs Re: ECB warns of risks posed by shadow banking sector Dear Sirs: Nowhere in your excellent article about shareholder concern over whether banks are spending their regulatory compliance money wisely … Continue reading
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