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Beware of Greeks (& Irish) bearing bonds

This entertaining tract from Michael Lewis in Vanity Fair provides a fascinating glimpse of the stark extent of near collapse and bankruptcy – it may still happen – of the Greek economy. $250,000 US indebtedness per working person, Greek government estimates of a public sector deficit of 3.7% of GDP that turned out to be […]

European economics & the hatred of capitalism

French and German school students are being educated on the horrors of capitalism. This stems from state-mandated school curricula that fixate on the role of the nanny state and the imperfections and adverse consequences of markets. Economic progress is the cause of society‚Äôs ills, the class struggle determines social outcomes and the way to deal […]