Category Archives: News/ Lessons

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 →

On behalf of the GoldMoney Foundation, Andy Duncan interviews Michael McKay, founder of Radio Free Market, on the eve of the Austrian Economics Research Conference 2013. Andy and Michael discuss Cyprus and what it may means to individual property rights, … Continue reading →

Re: A Bank Levy in Cyprus, and Why Not to Worry Dear Sirs: Is there any coercive and illegal act by a government anywhere that Andrew Ross Sorkin will not either endorse or rationalize away into the corn field?  Apparently … Continue reading →

By Andy Duncan Just where do we begin with the Cyprus story? Obviously, whenever a politician’s lips move they’re usually telling a deliberate lie, except when they tell the truth by accident. But now everyone in Europe, indeed in the … Continue reading →