The German government remains under attack for not “taking leadership” in the Euro crisis. This rests on the assumption that a known solution is ready to be implemented, but the German government just refuses to accept it. That is wrong. How many times have you witnessed people changing their opinion about the Euro crisis, while being very confident …
Kash Mansori provides his take on competitiveness and the problems of Italy and Spain in a post on his blog „The Street Light“. He raises some valid points, but I still disagree on four aspects: data of the past, Germany’s central bank, Germany’s gain from being in the Euro and German policy during the devaluation. 1. …
Viele haben mich, nach meiner schockierten Antwort auf Rainer Hank, gefragt was ich denn von seinem Nachfolgeeintrag halte. Um mich nicht dem Vorwurf auszusetzen, ich würde Rainer in meinem Ärger nicht genau lesen, erstmal eine kurze Zusammenfassung seines Eintrags so wie ich ihn verstehe (was diesmal einfacher ist, denn in seinem letzten Eintrag war er mit seinem Wicksellzitat sehr …
There are some moral debates about the Euro going on in the international blogosphere with Tyler Cowen and Ryan Aventas the main participants, and Scott Sumner adding some interesting historical perspective. In my view, Ryan and Tyler are not talking about the same thing, so let me offer a different take on the issue. In discussions of the Euro crisis, …