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Austerity Protesters Should Be Protesting IMF, EU Loans – Not Austerity
Though the attention of the media has largely turned elsewhere recently, protests against austerity measures are still raging in Greece, Italy, Portugal, Spain and France, among other countries....
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The Giant Ponzi Scheme That is the “Welfare” State
“The problem [with modern social welfare states] is that they always run out of other people’s money” Margaret Thatcher In modern Western society, we have become accustomed to the idea that the...
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The Myth of Austerity
The Merriam-Webster online dictionary’s definition of austere is “giving little or no scope for pleasure”. In the economic sense austerity, according to Investopedia, refers to the following: “A state...
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If Not Budget Cuts, What Is Troubling Europe?
My previous blog post concluded that the widely reported budget cuts as part of “austerity measures” that are supposedly being implemented across Europe are really not all they are being trumped up to...
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Bashing the Brightest Kid in EU Class
This week, the European Commission announced an investigation into Germany’s current account surplus and its effects on the EU economy. The announcement came two weeks after a US Treasury report...
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