Paul Krugman, Still Retarded

In which Krugman relies on his faulty memory:

So: I’m old enough (you kids get off my lawn) to remember the rise of self-service gas stations, which coincided with the oil shocks of the 1970s. Suddenly gas was much more expensive — and drivers, eager to limit the blow, were willing to pump their . . . → Read More: Paul Krugman, Still Retarded

International Economics

In which I disagree with Captain Capitalism:

Arguably the single largest threat to freedom in the world is the “harmonization” of tax rates. Of course politicians like to use euphemisms so the ignorant masses can continue on watching their Lady Gaga or the latest professional sports competition, but trust me it is a threat. . . . → Read More: International Economics

Quantifying Eurozone Imbalances and the Internal Devaluation of Greece and Spain

Now this is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning.

Churchill 1942

Summary

The extent, so far, of the internal devaluation process depends on the time period used for analysis. Using Q3-2007 as the beginning . . . → Read More: Quantifying Eurozone Imbalances and the Internal Devaluation of Greece and Spain