Monthly Archives: July 2015

Greece, cont’d

Financial Times reports: Greece’s anti-austerity government scored a decisive victory in Sunday’s referendum as voters backed its call to reject a compromise with international creditors, raising serious doubts about the country’s ability to remain inside the eurozone. The No camp … Continue reading

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Greece, cont’d

New York Times Yanis, if you keep talking about the debt, a deal will be impossible, Mr. Dijsselbloem said, according to people who were briefed on the exchange between the two men. … But Mr. Varoufakis persisted on the issue … Continue reading

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Bernie Sanders 2016

First the good: Senator Bernie Sanders held a rally at the Veterans Memorial Coliseum in Madison, Wisconsin, on Wednesday, and you would have thought he was Beyoncé or One Direction by the size of the crowd and the utterly overwhelmed and excited … Continue reading

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Modern Money Analysis: Do Governments Function Like Households?

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On Greece, the Eurozone, and the Referendum

The EU is an institution that can overcome national democratic power using economic leverage. We are seeing this play out currently in the question of the “Grexit,” the Greek exit from the Eurozone. Greece has been strong-armed into destroying its … Continue reading

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Piketty, Krugman, Stiglitz on Current Economics

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