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Archive of posts published in the tag: Greece

Austerity and Reality in Greece

from The Wall Street Journal, Greece and the Flight From Reality by Bret Stephens excerpt: But maybe rules isn’t quite the right word. The larger issue is reality—and Greece’s flight from it. Greece’s debt-to-GDP ratio is 177%, which sounds like…

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Illusions of Grandeur

from The Wall Street Journal, Greece and the Flight From Reality by Bret Stephens excerpt: What’s more remarkable is how Greece’s flight from reality persists. Since Athens defaulted on its IMF loan last week, the Greeks have gotten a taste of what…

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Wealth Without Work

from The Wall Street Journal, Greece and the Flight From Reality by Bret Stephens excerpt: These and other details give the lie to the claim that Athens’s woes are somehow the product of powerful and indifferent economic forces beyond its control: the…

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Consensus and Reality

from The National Review, Beggars and Choosers by Kevin Williamson: The presence of Greece in the Eurozone is the result of a lie: The Greeks pretended to get their deficits and debt under control, and the Europeans pretended to believe…

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Democracy’s Delusions

George Will in The Washington Post, So what if Greece leaves the European Union? Now come Greeks bearing the gift of confirmation that Margaret Thatcher was right about socialist governments: “They always run out of other people’s money.” Greece, from…

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Becoming Greek

Holman Jenkins nails it in the Wall street Journal in Our Big Fat Greek Habits – If you don’t think we face interest groups and scams that block progress, read on. 8/7/2012 excerpt: We’re not Greece but . . . The…

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Economics and Culture

Victor Davis Hanson writes Culture Still Matters in The National Review 5/31/12. Excerpt: But government-driven efforts to change national behavior often ignore stubborn cultural differences that reflect centuries of complex history as well as ancient habits and adaptations to geography…

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Avoiding Political Influence in your Investment Decisions.

While I share the great concern about her destructive economic policies of this administration, I am getting a contrarian tick about the dollar and gold. Every right wing talk show and business TV show is flooded with adds selling gold…

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