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    Commentary, Economics /

    Germany Is Not New York

    June 26, 2012

    It takes no extraordinary acuity to see that New York is not Germany, and that Germany is not New York. It takes a little more struggle to wish that they were more similar. For if Germany were New York it would be part of a transfer union where funds flowed easily and anonymously from one […]

    Commentary, Economics /

    Quiet Does Not Mean Well

    June 26, 2012

    As we drift slowly deeper into summer it is worth reminding ourselves that quiet is not necessarily a good thing. There has been nothing here in the US to compete with the extraordinary display of policy ineptitude throughout Europe. So our news has lurked somewhat offstage in the shadows of anonymity. So it ought. The […]

    Commentary, Economics / Hayek, Keynes, Robbins /

    History, Aaah History

    June 14, 2012

    I never studied much economics until I was long out of school. I did so then to get to grips with its seeming irrelevance. I had become involved in questions of economics of the practical kind and found little – or none – of value in whatever textbooks I picked up to educate myself. I […]

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