Author Archives: radiofreemarket

Now it’s Portugal’s turn, by Ambrose Evans-Pritchard in the Telegraph My comments on Evans-Prichard’s column:  The misconstruction of the European Monetary Union is responsible for this debacle.  It will not stop with Greece, Cyprus, and now Portugal, because the economic forces … Continue reading →

Billions of pounds of QE unlikely to cause inflation–IMF A preview of likely future research findings by the IMF: Increasing the minimum wage does not increase unemployment. Increasing taxes does not reduce capital accumulation. More regulation of business actually reduces … Continue reading →

Re: New Trouble for Euro in Portugal Dear Sirs: According to your article, just two years ago Portugal received a 78 billion euro bailout from the IMF and its creditors.  Let’s put that previous bailout in perspective.  The 78 billion … Continue reading →

Re: Cypriots Feel Betrayed by European Union Dear Sirs: The frustration felt by ordinary Cypriots is illustrative of the myth that Europe is moving toward solidarity, prosperity, and greater social cohesion.  The Cypriot crisis revealed the reality that lies beneath … Continue reading →

Dear Sirs: In his Monday, April 1 column titled “The logic of economics will catch up with the euro” Wolfgang Munchau says that the eurozone banking system needs to share risks and keep debt, both public and private, within sustainable … Continue reading →

Dear Sirs: Judging by the proposals in his April 1 column titled “Economic confessions from a Keynesian heretic”, UCLA’s Roger Farmer is in no danger of being burned at the stake by his fellow interventionists.  He wants a “further increase … Continue reading →

From today’s Daily Reckoning: According to The New  York Times, Mr. Artemis “complained that authorities rode roughshod  over him and his board of directors by moving unilaterally to sell  off units of the bank in Greece and planning to hit … Continue reading →

Re: Bailout Strains European Ties Dear Sirs: This disgusting farce of a week of backroom squabbling by incompetent and clueless politicians and irresponsible bureaucrats over the future of the Cypriot banks should spur a public outcry to get government completely … Continue reading →

Re: Cyprus Gets New Bailout Deal Dear Sirs: In addition to being anti-democratic (“The bank restructuring doesn’t need approval by the Cypriot Parliament. German Finance Minister Wolfgang Schäuble said Monday that the legislation needed to complete the restructuring of the … Continue reading →