Paul Krugman: Europe's Great Illusion

The Nobel Prize winning economist, Paul Krugman, releases another insightful piece on the ongoing debt crisis facing the world. Click here for the NYTimes column.

Comments

Trouble in the Eastern Mediterranean Sea

Trouble in the Eastern Mediterranean Sea : Exploratory drilling near the coasts of Cyprus, Egypt, Israel, Lebanon, Syria, and Turkey has unearthed vast reserves of natural gas. Competition over the rights to tap those resources is compounding existing tensions over sovereignty and maritime borders. The eastern Mediterranean is quickly becoming as volatile as its eastern cousin, the South China Sea.

Joseph Stiglitz on Economics

Joseph Stiglitz's recent article in Vanity Fair is an excellent analysis of the western world's current economic problems. Stiglitz is a professor of economics at Columbia University and a Nobel prize winner . The article asserts a central tenet of modern economic theory that strikes me as elementary . That tenet is that a strong economy is based upon the spending of a robust middle class . That, historically, is what drives consumption . In America, the owners of businesses are short sighted to simply cut taxes to their own class, because their own class benefits most from a flush middle class . What they gain in the short term, they lose in the medium to long term. In addition, they condemn their businesses and the overall economy to more frequent and unnecessary boom and bust cycles in the process. The American economy is undermining its own engine of growth, consumption , in the hapless pursuit of immediate riches for the wealthiest Americans, who need the m...

HBO's Soundtrack for a Revolution

Recently watched an amazing documentary on HBO called Soundtrack for a Revolution . It is about music during the Civil Rights era. Quality documentaries really shine as exceptional film.

Island Eudaimonia

Search This Blog