Did the aggregate Irish populace see this coming? It was not so long ago that the Irish voted twice to provide the EU with additional powers that EU leaders had hoped to achieve via the passage of a constitution. When the French along with a few other c...
Another day, another dry and witty Economist magazine article advising another large country on what its central bankers need to do. There is never any doubt within The Economist brain-trust that central banking is a necessary phenomenon, or that it me...
Bet you didn't know that Britain was suffering from high inflation. We didn't anyway and we try to keep on top of these things. We knew that Britain was suffering from a high jobless rate. And we knew that Britain's debts were out of contro...
The Telegraph has been very good at diagnosing deflationary trends in the larger economy, and we have agreed with this analysis because it seems obvious. What is noteworthy, however, is that prices keep going down, as the Telegraph analyzes above, even...
Yesterday, we surmise, was one long headache for those in charge of the Afghanistan war on the Western side. Metaphorically, many good officers in the Pentagon and elsewhere stood in the middle of otherwise efficient offices holding their collective he...
This is a treat. We were scrolling through the 'Net and came on this June China analysis laid out in an Israeli blog that bills itself as one that offers "a Libertarian and Austrian View on Economic, Financial and Geopolitical Issues." Si...
A real bill, as its name suggests, is just a notice of payment due that typically the wholesale merchant sends to the retail merchant along with his shipment of goods demanded most urgently by the consumers. It is useful to think of the bill as a secur...
Of course from our point of view the Economist is one of the mouthpieces for the British elite. As dashing and amusing as Punch magazine, as erudite as another mainstream mouthpiece, the Financial Times, the Economist profiles the goings-on of the worl...
Prime Minister Ference Gyurcsany, identified by some as "the golden boy" of Hungary's Socialist Party, got himself into serious trouble with many Hungarians for having admitted, in a leaked closed-door party conference speech, that during...
The militarization of American society is a long-term project in our opinion. It began shortly after Vietnam when the Pentagon, confronting the wreckage of failed military policies, began a rehabilitation campaign that resulted in the formation of a pr...