The interacting economics and politics of continuing collapse
The European Monetary Union once seemed unimaginable. The questions now are What will it lead to? and Will Britain join?
Seeking a middle ground, liberal and conservative politicians alike propose split-the-difference "solutions" to our problems which seem plausible and pragmatic but do not, of course, represent solutions at all. What's missing? The dimension of reality,
The belief that balancing the budget must takeprecedence over every other economic considerationhas captured the minds of President Bill Clinton andhis advisers. In this essay a former economic policymakertakes a critical look at the economic logic and portentoushistory behind a new orthodoxy he regards as dangerous