Tag: Germany
Europeans’ Thoughts on the Greek Bailout
I’ve been to a few economics conferences in Europe the past few months, and it has given me the opportunity to talk with some European economists about the Greek bailout. I only talked with a few people, and they were all economists, so I wouldn’t generalize to say they are representative, but I did...
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US Should Stay Out of Greek Bailout
In a recent meeting with German Chancellor Angela Merkel, President Obama “...pledged to cooperate fully in working through these issues, both on a bilateral basis but also through international and financial institutions like the IMF.” The US should stay out of Greece’s financial problems, for several reasons. First, the US is running budget deficits...
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Two Bearded Germans of the Nineteenth Century
Today is May 1, also known as May Day, the holiday of holidays for communists, socialists, and other such purported champions of the working class. (Personal disclaimer: I was once a member of the working class, and these champions never did a damn thing for me, unless you credit them with somehow contributing to...
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Nuclear Power and the State
The devastating earthquake in Japan has damaged multiple nuclear reactors, and at least one of these facilities is said to pose the potential of Chernobyl-levels of contamination. Germany is responding to this tragedy by temporarily closing down seven nuclear reactors, while France, the second-largest user of nuclear energy in the world, is reportedly planning...
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It’s Pearl Harbor Day—Trot Out the Official Fable
Sixty-nine years ago, Japanese forces attacked the U.S. naval base at Pearl Harbor, Hawaii, provoking the United States to declare war against Japan. When Japan’s ally Germany declared war on the United States on December 11, 1941, the United States immediately reciprocated. These actions brought the United States into open warfare against the Axis powers and...
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Macroeconomic Policy, European-Style
Last Spring President Obama tried to talk German Chancellor Angela Merkel into continuing massive deficit spending to support the sagging economy. Quitting now, Obama argued, would cut the recovery short and risk major economic problems. A more sluggish German economy would slow world recovery, including recovery in the U.S. Merkel’s response was that narrowing...
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Nothing Outside the State
A popular slogan of the Italian Fascists under Mussolini was, “Tutto nello Stato, niente al di fuori dello Stato, nulla contro lo Stato” (everything for the state, nothing outside the state, nothing against the state). I recall this expression frequently as I observe the state’s far-reaching penetration of my own society. What of any consequence...
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Hear John T. Flynn
This audio of an entire America First Committee rally from June 1941 is a real treat. The sound quality is crisp and clear: The all-star line-up includes John T. Flynn (about 4:30 minutes into the audio), probably the most important activist in the “Old Right” during the 1940s and the 1950s. Speaking after Flynn...
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The “Trick” to “Hide the Decline”
From a posting by Eduardo Zorita, Scientist at the Institute for Coastal Research in Germany, on the blog “Die Klimazwiebel“: The email alluding to the ‘Mike’s Nature trick’ has been perhaps the one most frequently quoted. Background: temperatures during the past few centuries and millenia are reconstructed from the so-called climate proxy data, of...
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World War II: An Unspeakable Horror Now Encrusted in Myths
September 1, 1939—exactly seventy years ago today—is customarily considered the day when World War II began, owing to the German invasion of Poland. Of course, some belligerents, most notably the Japanese and the Chinese, had already been at war for years, and others did not join the fray until later. The United States actually began...
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