And who is talking about this? ============== By BENN STEIL AND PAUL SWARTZ Week after week, market watchers hang on the German chancellor’s every pronouncement about the euro-zone’s debt travails, so one might be forgiven for thinking that Germany has been propping up the whole troubled enterprise. In fact, the European Central Bank has for the past 15 months been manning the front... Read more
Archive for the ‘American Thought’ Category
Who Would Bail Out the European Central Bank?
August 31 | Posted by mrossol | American Thought, Debt, EconomicsMary Kissel: Justice’s New War Against Lenders – WSJ.com
August 31 | Posted by mrossol | American Thought, ObamaBy MARY KISSEL Talk about not learning from past mistakes: A government department is again intimidating banks into lending to minority borrowers at below-market rates, all in the name of combating “discrimination.” Welcome to the next housing mess. The 1990s may have brought us supercharged politicized lending, but Eric Holder’s Department of Justice is taking the game to an entirely new level,... Read more
Obamanonics vs. Reaganomics – WSJ.com
August 26 | Posted by mrossol | American Thought, EconomicsAnother good article by Moore… ======= If you really want to light the fuse of a liberal Democrat, compare Barack Obama’s economic performance after 30 months in office with that of Ronald Reagan. It’s not at all flattering for Mr. Obama. The two presidents have a lot in common. Both inherited an American economy in collapse. And both applied daring, expensive remedies. Mr.... Read more
