Blog Credo

The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary.

H.L. Mencken

Thursday, June 12, 2014

The System Never Fails, It Can Only Be Failed

An interesting take on how the international financial system actually worked as it should in 2008.

Interestingly, the author does admit that Europe screwed up by embracing austerity - presumably he agrees that austerity in the US after 2010 was also a bad idea.  The author is also sanguine about climate change, which is... nice.

On a side note, Vox is my new favorite thing.

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