We should never be too hasty to turn out the lights. There is always the hope that our narrative can continue, and that this is not the last act, but is only an interlude in a much longer, and better, play. Then again, I am tempted to call for the curtain to drop on this […]

The deluge of news and opinions on the Greek crisis has surely exhausted all the options. I don’t intend to add much more. But I do want to say: Piling on more pain is useless. A default is both inevitable and desirable. Inevitable because austerity will push the Greek economy down and could easily create […]