The Congressional Pack Rats
The U.S. Congress hoards real estate like proud pack rats. For example, the Department of Defense has 562,000 facilities that …
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On Greece: Plus Ça Change, Plus C’est la Même Chose
People keep asking me what I think about Europe’s most recent crisis (read: Greece). Well, my sentiments are exactly the …
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Dr. Krugman Meets Dr. Fox
Dr. Paul Krugman, the hyper-productive New York Times columnist and Nobel laureate, has produced a flood of fiscal factoids. He …
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Europe: A Fiscal & Monetary Reality Check
Led by Alexis Tsipras, head of Greece’s newly-elected, left-wing coalition, some other leading political lights in Europe—Messrs. Hollande and Valls …
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Austerity, A New Weaselword
The financial press has become inundated with the word “austerity.” Since Greece’s left-wing Syriza proclaimed an “anti-austerity revolution,” strong adjectives, …
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Ukraine Hyperinflates
Since the New Year, Ukraine’s currency – the hryvnia – has collapsed, losing 51 percent of its value against the …
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