Exit Plans

A British charitable trust has offered a hefty reward for the best eurozone break-up plan. Their goal? Improve and influence policy though a 250,000 pound ($393,430) incentive prize. As I read through…

Opposing Austerity

Thinking about our fiscal woes, I keep returning to the fallacy of composition. Here it is: When one farmer harvests a huge crop and sells it, her profits soar. But if every farmer grows more and sell…

Greek Red Tape

Our story begins with 3 Greek entrepreneurs who want to create an e-commerce business selling olive products. It ends as Oliveshop.com begins to flourish with orders from the U.S., Australia, Japan, M…

Austerity and Harry Truman

What are people saying about austerity, the 2010 word of the year? According to Dr. Econ at the San Francisco Federal Reserve, households are demonstrating austerity by saving more and borrowing less.…

Spend More or Less?

It was perfect. On the left side of the NY Times Op-Ed page, David Brooks defended the austerity approach. On the right was Paul Krugman saying spend more. Those are the alternatives. Maybe now it wil…

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