Some Links

More

Financial reform via resolution. David Altig, Atlanta Fed. Even when financial regulation is adequately tightened up, systemically important institutions will fail...

Blumenthal and Vietnam. Raymond Hernandez, NYT. The Connecticut Democrat misspoke about his "service in Vietnam". For now, he's toughing it out. It's very strange. If it was a deliberate lie, how could he plausibly expect to get away with it? See also Josh Green.

Europe's historic gamble. Barry Eichengreen, Project Syndicate. Europe needs a stability pact with teeth, and that's not all. Compare with John Cochrane in the WSJ. Europe's problem was not that the stability pact was too weak, but that it had one in the first place:

The mere existence of the limits says, in effect, that politicians will have a hard time resisting bailout pressure. So the markets lent at low rates and gave high bond ratings... The euro founders should have said instead, "Go ahead, use our currency if you like. Rack up any debts you want. We don't care, because we are not going to bail you out--we've set it up so we can't bail you out. Bond buyers beware."

The death of the European dream. Gideon Rachman, FT. Are you there, Jeremy Rifkin? Reflecting on Rifkin's view that Europe shows the way to enlightenment, Gideon doesn't know "whether to laugh or cry". See also Wolfgang Munchau on how to save the eurozone.





Jump to comments
Get Today's Top Stories in Your Inbox (preview)

Why Do People Love Times Square?

A filmmaker asks New Yorkers and tourists about the allure of Broadway's iconic plaza


Join the Discussion

After you comment, click Post. If you’re not already logged in you will be asked to log in or register. blog comments powered by Disqus

Video

Why Do People Love Times Square?

A filmmaker asks New Yorkers and tourists about the allure of Broadway's iconic plaza

Video

A Time-Lapse of Alaska's Northern Lights

The beauty of aurora borealis, as seen from America's last frontier

Video

What Do You Wish You Learned in College?

Ivy League academics reveal their undergrad regrets

Video

Famous Movies, Reimagined

From Apocalypse Now to The Lord of the Rings, this clever video puts a new spin on Hollywood's greatest hits.

Video

What Is a City?

Cities are like nothing else on Earth.

Writers

Up
Down