Category Archives: News/ Lessons

Re: Consequences in a Fiscal Plan: Municipalities Fight Proposals to Tax Their Bond Interest Dear Sirs: There is another objection to taxing municipal bond interest that goes beyond one of class warfare (“the government forgoes about $32 billion a year … Continue reading →

From Open Europe news summary of December 19, 2012 (my highlight in red): Berlusconi: Italy will be forced to leave the euro unless ECB starts printing money In an interview on Italian public broadcaster Rai Uno yesterday, Silvio Berlusconi said, “Either … Continue reading →

From Open Europe news summary of December 19, 2012: Cyprus announced yesterday that it would not default on any payments as the pension funds for the public electricity and telecoms firms as well as the Ports Authority have agreed to provide … Continue reading →

From today’s Open Europe news summary: Dutch daily Trouw has seen leaked European Commission and Court of Auditors documents it believes shows that “the Czech Republic is committing large scale fraud with EU subsidies”, while “the European Court of Auditors … Continue reading →

Re: How Big Deficits Became the Norm “But the size and trajectory of the federal budget can be boiled down to three  basics: the economy, spending and taxes. “ Dear Sirs: Sorry, but your quote above does not dig deep … Continue reading →

Re: New Report Opposes Shared Debt in Europe Dear Sirs: A careful reading of Herman von Rompuy’s Towards a Genuine Economic and Monetary Union does not support your headline that his report opposes shared debt in Europe. The report is … Continue reading →

Understanding today’s convoluted domestic and international fiat monetary system frankly requires a great deal of time and study.  One must understand fractional reserve banking, which requires that one understand the concept of fractional reserves and the way this system affects … Continue reading →

Re: Hospitals Face Pressure to Avert Readmissions Dear Sir: Because the individual has significant control over his own health, treatment for ill health is not suitable for insurance.  Insurance is suitable only for those classes of events that are beyond … Continue reading →

From: patrickbarron@msn.com To: letters@nytimes.com Subject: Youth Unemployment in France Can Be Cured Date: Tue, 4 Dec 2012 13:05:06 -0500 Re: Young, Educated and Jobless in France Dear Sirs: This excellent article implies that the current phenomenon of high levels of … Continue reading →