According to legend and some historians, by making a stand in the Thermopylae pass 300 brave Spartans valiantly saved the day for the entire Greek army in the face of a Persian force of overwhelming strength and manpower. More than 2,000 years later some 11 million Greeks might be considered to have carried out a rather similar operation [...]
Warning: This post has little to do with economics, unless you happen to think that an open society with free and private communication is essential to our continued prosperity. A series of Congressional hearings this week is drawing renewed attention to the issue of the National Security Agency’s program to collect data on telephone and [...]
If oil and gas is a profoundly dynamic phenomenon, then so too must be environmental risk and conflicts over natural resources—and we are not getting the full picture from the mainstream media, according to Michael T. Klare, professor of peace and world security studies at Hampshire College, TomDispatch blogger, and author of Rising Powers, Shrinking [...]
Iran: New President, Old Problems
Can a moderate change the landscape?
Must ReadThe Wilder View
There are many ways to define rebalancing within the euro area: relative prices, trade, productivity, unit labor costs, etc. I’d argue that one could see it in the employment data as well, although it will take a long time to work its way through. Basically, Spaniards should move to Germany and vice versa to enjoy [...]
The best way to level the playing field for taxes on businesses of all types would be to abolish the corporate profits tax altogether.